Depositing just to negotiate Forum

[philliesphanatic]

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[OhBoyOhBortles]

Hi guys,

I am pretty set on attending school #1 based on the scholarship that they originally gave me. However, I am still waiting to hear back about a potential raise by the end of this week. I would have to deposit at school #2 that I am using to negotiate with school #1 by tonight. Is there any point in doing so? Does either school know if I do? Does it look poorly to double deposit? Or is it the most beneficial choice because of leverage?

Thanks for the help!

Different schools have different polices re: double depositing. I'd check the policies of the schools in question and then decide from there.

We'd have an easier time answering your other questions with more specific info, but essentially you'll have to decide a) how likely it is that this leverage turns into a bump for you, b) whether you'll be significantly affected by losing this money, and c) whether a is high enough to negate b.

[downbeat14]

Tell us the schools and the amounts. Otherwise we can't really give you good advice.

[DerekZoolander]

I did it and it worked out really well for me. Turned several $25k offers into a total of $42k from the school I attended. Obviously was worth the ~$1000 I ended up spending on deposits.

[ManoftheHour]

I turned a 90k offer into a 150k offer. Do it.