Monday, May 7, 2012

Thou Shalt Not Double Deposit

We know we shouldn't double dip a chip, or double park. Now, add double deposits at college to the list of no-no's. That's when a student and his family say what the heck and send deposits to two (or more) colleges to ensure a spot in the freshman class of that school. You might do it because you still haven't made up your mind about the school for you, are still negotiating financial aid at another school, or are protecting yourself while waiting to hear about waitlist status. Why is this a problem? -- It's a waste of money. You send a few hundred dollars sent to the college you do not attend. -- It's not nice. You are lying to at least one college about attending. -- It's mean. By taking up space for however long, you are denying a kid on the waitlist a place at the college. Oh, and you could get in trouble and see your acceptance rescinded. For a look at admissions ethics, including double deposits, take a look at this College Board discussion.

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