College Enrollment Deposit FAQs: What You Need to Know

Are you wondering if it’s possible to submit an enrollment deposit to more than one college or reserve a spot at a school you’ll attend only if you don’t get off the waitlist?

This article will provide you with the answers you need to navigate this crucial decision during your college application process.

Understanding the Enrollment Deposit Process

When it comes to submitting an enrollment deposit, it’s important to note that you are typically not allowed to deposit at multiple schools. Choosing to submit a deposit indicates your commitment to attend a specific institution and secures your place in their incoming class. It is a binding agreement that represents your intention to enroll.

Considerations for Waitlist Applicants

If you find yourself on a waitlist for a college that you would rather attend over those you have already been accepted to, it’s essential to handle this situation strategically. Even though you cannot deposit at both schools simultaneously, there are steps you can take to maximize your options.

The best approach is to submit a deposit at the college where you have already been accepted and want to attend. This ensures that you have a secured spot in case you are not admitted off the waitlist for your preferred school. While this means you may have to forfeit your deposit if you are later accepted off the waitlist, it’s a necessary measure to ensure you have a college to fall back on.

Exploring Fee Waivers for Enrollment Deposits

If you are concerned about the financial aspect of submitting an enrollment deposit, it’s important to know that you may qualify for a fee waiver. The National Association for College Admission Counseling (NACAC) offers fee waivers to eligible students who demonstrate financial need. You can check if you qualify for a fee waiver through their application process. However, even if you aren’t approved for a NACAC fee waiver, many colleges offer their own fee waiver programs. Don’t hesitate to reach out to the colleges directly and inquire about the possibility of having the deposit fee waived.

NACAC Enrollment Deposit Fee Waiver

Understanding the Difference: Deposit vs. Tuition

Keep in mind that the enrollment deposit is not the same as tuition. While tuition covers the cost of your education, the deposit is a smaller amount, usually only a few hundred dollars. Its primary purpose is to secure your place at the chosen college.


The college application process can be overwhelming, especially when it comes to making decisions about enrollment deposits and waitlists. Remember, you are typically not allowed to put deposits into multiple schools. However, by strategically submitting a deposit at a school you have been accepted to and want to attend, you can ensure a backup plan in case you are not admitted off the waitlist. Don’t forget to explore fee waiver options to alleviate any financial burden associated with the deposit. With careful consideration and planning, you can navigate this stage of the college admission journey with confidence.

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