College Admissions: Do Not Even Think about Double Depositing

As the college admissions season winds down,  families are weighing up the pros and cons of the colleges to which their child has been accepted.  They are studying the financial aidaward letters to determine which schools are offering a better package with more scholarships and grants, and fewer loans.  Everyone realizes this is a big decision to make and sometimes it is difficult to decide which school is the best one for each student.   Should you flip a coin or what do you do?

May 1st is the universal date for high school seniors to make their college decision. Some students might be up in the air about two colleges and think that sending in a double deposit is a good way to handle the situation. Don’t do it. Not only is it not ethical, but students and parents have a responsibility to commit to one school, and one school only. You could jeopardize your acceptance to both colleges or universities and be out of luck completely if you do so.

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