Deferred MBA Reneg

Hello all,

I hope to get reliable insight/feedback to the following scenario, your help is deeply appreciated.

I recently got admitted to School X’s deferral MBA program. I am super excited and grateful for the opportunity, but unfortunately I have been given a deadline to commit to that doesn’t allow me to see whether or not I made it into other programs I’m still waiting to hear back on. Is there anyone here that went through a similar situation? What’s a better route: to ask for a deadline extension being fully transparent or to reneg the offer having accepted and payed the deposit fee? Thank you

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