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Multiple Final Deposits

Posted: Mon May 23, 2016 11:47 am
by DwarfPig
So I made 3 first seat deposits and have not had a problem with any of the schools because of it. The final deposit deadline is coming up in a week and I was curious if I were to make multiple final deposits again would I run into any issues? I realize it's surrendering money, but that won't be an issue. So, if I truly want some more time to mull over my choices, am I able to extend the process by making multiple final deposits?

Re: Multiple Final Deposits

Posted: Mon May 23, 2016 2:44 pm
by guynourmin
why not post a thread in choosing schools? Hive might be able to help you think everything over and make the best choice + save a grand in the process.

Re: Multiple Final Deposits

Posted: Mon May 23, 2016 2:48 pm
by MKC
DwarfPig wrote:So I made 3 first seat deposits and have not had a problem with any of the schools because of it. The final deposit deadline is coming up in a week and I was curious if I were to make multiple final deposits again would I run into any issues? I realize it's surrendering money, but that won't be an issue. So, if I truly want some more time to mull over my choices, am I able to extend the process by making multiple final deposits?
Most schools explicitly prohibit this. If they catch you, and they will when all the schools get the list of who has deposited where, they can revoke your admission and scholarship. I wouldn't do this without the explicit permission of the schools you intend to double or triple deposit with.

Re: Multiple Final Deposits

Posted: Mon May 23, 2016 2:49 pm
by benwyatt
why can't you just make a decision

Re: Multiple Final Deposits

Posted: Mon May 23, 2016 2:51 pm
by emkay625
It is my understanding that some point in late-May/early-June, the schools share a list of who has deposited with each other to prevent this very thing from happening. I would not do this if I were you.

It's also pretty unfair to other people in the cycle.

Why not make a thread asking for help mulling over your choices?

Re: Multiple Final Deposits

Posted: Mon May 23, 2016 2:54 pm
by CanadianWolf
Usually this is prohibited by law schools unless you were accepted off of a waitlist. Are you willing to name the schools ? Seems odd that one would have difficulty deciding among 3 law schools unless they are something like USC with money, UCLA with money & Berkeley with no grant money.

Re: Multiple Final Deposits

Posted: Mon May 23, 2016 2:54 pm
by MKC
benwyatt wrote:why can't you just make a decision
I'm clearly speculating here, but I'm guessing OP is shooting for more scholly money. I actually did an extra final deposit (with the school's knowledge) for this reason. You can't use a competing offer for leverage if it expires. By waiting past the final deposit deadline, the school had a better idea of how much money they had left to work with after most students had made a final deposit or withdrawn.

All that being said, doing it without the school's explicit permission is probably a terrible idea.

Re: Multiple Final Deposits

Posted: Fri Apr 21, 2017 10:39 pm
by Stevie_Rave_On
DwarfPig wrote:So I made 3 first seat deposits and have not had a problem with any of the schools because of it. The final deposit deadline is coming up in a week and I was curious if I were to make multiple final deposits again would I run into any issues? I realize it's surrendering money, but that won't be an issue. So, if I truly want some more time to mull over my choices, am I able to extend the process by making multiple final deposits?
So how'd this work out for you? Are you currently reading this from an undisclosed location, admissions deans hunting you doggedly through a Lousiana bayou?

Re: Multiple Final Deposits

Posted: Sat Apr 22, 2017 1:05 am
by KMart
DwarfPig wrote:So I made 3 first seat deposits and have not had a problem with any of the schools because of it. The final deposit deadline is coming up in a week and I was curious if I were to make multiple final deposits again would I run into any issues? I realize it's surrendering money, but that won't be an issue. So, if I truly want some more time to mull over my choices, am I able to extend the process by making multiple final deposits?
iirc making multiple first deposits is okay. schools dislike it, but won't harm you. i believe, again i'm only vaguely remembering, that you can't really make second deposits at multiple schools.

Re: Multiple Final Deposits

Posted: Sat Apr 22, 2017 6:38 am
by cavalier1138
KMart wrote:
DwarfPig wrote:So I made 3 first seat deposits and have not had a problem with any of the schools because of it. The final deposit deadline is coming up in a week and I was curious if I were to make multiple final deposits again would I run into any issues? I realize it's surrendering money, but that won't be an issue. So, if I truly want some more time to mull over my choices, am I able to extend the process by making multiple final deposits?
iirc making multiple first deposits is okay. schools dislike it, but won't harm you. i believe, again i'm only vaguely remembering, that you can't really make second deposits at multiple schools.
It really depends on the school.

OP: I hope you read all of the deposit forms carefully. Some schools have you agree to withdraw all acceptances and pending applications in order to deposit (which still allows you to remain on waitlists). Final deposits absolutely require that, so you need to make a decision.

Re: Multiple Final Deposits

Posted: Sat Apr 22, 2017 9:02 am
by UVA2B
Sweet necro folks.