May 1st is a momentous day for college bound students. It’s National College Decision Day – the deadline day for college applicants to confirm their enrollment for the upcoming fall semester.
Typically, high school seniors apply to a gamut of schools, spreading their applications out among perceived “stretch,” “target,” and “safety” schools. By March 1st they will have heard back from the vast majority of these colleges, letting them know whether or not they have been accepted. Now, the ball is in the student’s court.
Often, there is a clear-cut favorite and enrollment decision is an easy one. Other times it’s a difficult choice. As May 1st approaches, students who are unsure of which college to choose may decide to “double deposit” – accepting admission at two schools and paying an enrollment deposit at each. While possible to do, this is considered unethical as the student will ultimately attend only one university. It’s also unfair to one’s peers, as it’s taking up a spot that could be cherished by another student. Likewise, it’s a waste of money, as enrollment deposits are typically nonrefundable.