Withdrawing vs. Letting deposit deadline pass
Posted: Mon Mar 15, 2010 12:58 am
I'm curious what everyone is doing. Are you withdrawing from any/all schools you don't think you'll attend, or are you holding off on withdrawing to be safe?
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If I'm sure I'm not going, I withdraw for the sake of others that are waiting. If I'm not sure, I wait.madmartigan wrote:I'm curious what everyone is doing. Are you withdrawing from any/all schools you don't think you'll attend, or are you holding off on withdrawing to be safe?
+1. Waitlist acceptances typically happen after deposit deadlines, since those who didn't deposit are assumed to have made other plans.Spaceman Spiff wrote:I can't imagine it matters much. Every school issues acceptances factoring in a certain percentage of those accepted rejecting their offer. As such, they're hoping they don't have to go to the waitlist. And, if they do, it'll be after seat deposit deadline.
Yeah, but with applications up beyond the number of real applicants, prompt withdrawals may allow them to go to their waitlist sooner or admit those on the "silent waitlist". However, the bigger thing is withdrawing if you have a scholarship. If you have a scholarship, withdraw right away so that they can possibly allocate that money to attract students who may be on the fence. I, at one point, realized I was holding 1.75 million in scholarship money hostage, and since then I've been withdrawing from a few schools every day. I realize they build in a certain scholarship withdrawal rate when awarding scholarships, but the more that withdraw early, the better chance a school has of persuading some above-average student before the deposit deadlines.im_blue wrote:+1. Waitlist acceptances typically happen after deposit deadlines, since those who didn't deposit are assumed to have made other plans.Spaceman Spiff wrote:I can't imagine it matters much. Every school issues acceptances factoring in a certain percentage of those accepted rejecting their offer. As such, they're hoping they don't have to go to the waitlist. And, if they do, it'll be after seat deposit deadline.
You weren't holding it hostage. These schools know roughly what percentage of people accept, and plan accordingly.84Sunbird2000 wrote:Yeah, but with applications up beyond the number of real applicants, prompt withdrawals may allow them to go to their waitlist sooner or admit those on the "silent waitlist". However, the bigger thing is withdrawing if you have a scholarship. If you have a scholarship, withdraw right away so that they can possibly allocate that money to attract students who may be on the fence. I, at one point, realized I was holding 1.75 million in scholarship money hostage, and since then I've been withdrawing from a few schools every day. I realize they build in a certain scholarship withdrawal rate when awarding scholarships, but the more that withdraw early, the better chance a school has of persuading some above-average student before the deposit deadlines.im_blue wrote:+1. Waitlist acceptances typically happen after deposit deadlines, since those who didn't deposit are assumed to have made other plans.Spaceman Spiff wrote:I can't imagine it matters much. Every school issues acceptances factoring in a certain percentage of those accepted rejecting their offer. As such, they're hoping they don't have to go to the waitlist. And, if they do, it'll be after seat deposit deadline.