How to Put Down a College Deposit: Everything You Need to Know

What Is an Enrollment Deposit?

An enrollment deposit is a non-refundable fee (typically $200-$500) that confirms your intent to attend a college. It reserves your spot in the incoming class, triggers your housing application, and officially makes you a member of the Class of 2030.

How Much Does It Cost?

Most schools charge between $200 and $500. Some elite private schools charge up to $800. This amount is almost always applied toward your first semester's tuition — so it's not extra money, it's an advance payment.

When Is the Deadline?

The National Candidates Reply Date is May 1 for most schools. Some schools have moved to June 1 after recent policy changes. Check each school's specific deadline — missing it means losing your spot.

Can You Deposit at Multiple Schools?

Technically yes, but it's frowned upon and some schools share deposit lists. If you're caught double-depositing, both schools could rescind your admission. Only deposit at one school. If you're waiting on a waitlist decision, deposit at your top available choice and withdraw later if the waitlist comes through.

Can You Get Your Deposit Back?

In most cases, no — enrollment deposits are non-refundable. Some schools offer a refund if you withdraw before a certain date, but don't count on it. Treat the deposit as a commitment, not a placeholder.

What Happens After You Deposit?

You'll receive information about housing selection, orientation registration, course placement tests, and your student email. The clock starts ticking on a lot of deadlines, so don't deposit and then go silent — check your email daily.