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I put a deposit down at one school and this past week was taken off the waitlist at another. At this point could I send an email to the school my deposit is at and ask for an increase because I got in somewhere else w/ scholarship money? How would I go about doing this?

I deposited at two schools and sent a successful negotiation request post-deposit, so I would definitely send one in your case. As long as you are polite about it, the worst that can happen is they tell you it's their final offer. Best of luck and feel free to PM for any particular questions