The enrollment deposit is the final step in the admissions process for most students. Here is what you need to know about it.
What It Is and When It's Due
The enrollment deposit is a fee — typically $200–$500 — that you submit to your chosen college to confirm your intent to enroll in the fall class. For Regular Decision students, the universal deadline is May 1, known as the National Candidate Reply Date. This date is set by NACAC and respected by virtually all colleges. Early Decision admits submit their deposit earlier — typically within 2–3 weeks of their December or February notification, as specified in their admission letter.
Is the Deposit Refundable?
Most enrollment deposits are non-refundable after a stated date (usually May 1 or shortly after). Some schools offer a partial refund window before May 1 if you change your mind. A few schools allow deposit refunds in documented special circumstances (serious medical emergency, family financial crisis). Read your specific enrollment agreement carefully.
The Ethics of Multiple Deposits
Submitting enrollment deposits at multiple schools simultaneously to 'keep your options open' is explicitly prohibited by NACAC's ethical standards and most schools' enrollment agreements. It takes spots away from other admitted students on waitlists and is considered dishonest. Make your decision, submit one deposit, and decline all other offers promptly. This releases your spot to waitlisted students who genuinely want it.
What Happens After You Pay
After submitting your deposit: notify all other schools where you were accepted and decline their offers. If you are on any waitlists you no longer want, remove yourself. Research and sign up for freshman orientation. Begin the housing application process — most schools have a separate housing deposit and application.