MSF Deposit Question

I was recently accepted into a MSF program which offered me a small scholarship and requested my deposit within two weeks. I am very interested in this particular program, but I still want to wait to hear back from some of my other choices. Would it be okay if I asked for an extension on the deposit or would that be considered rude? Thank you!

8 Comments
 

You can ask and might get it, but the whole purpose of the deposit is to minimize what you want to do. I'd put the deposit down and if you go elsewhere chalk it up as cost of doing business.

 
TNA

You can ask and might get it, but the whole purpose of the deposit is to minimize what you want to do. I'd put the deposit down and if you go elsewhere chalk it up as cost of doing business.

If the deposit amount is large then you should do that. Otherwise ask for an extension and see if you get a couple of weeks. If not then you may have to cough it up to have the safety.

 

This is what happened to me. I put down $500 to lock in my spot then had to eat the cost when I got into my first choice. It sucks, but when your looking at $30,000+ in tuition alone its something you just have to deal with.

My advice for the MSF recruiting process is to try to negotiate as much scholarship money as possible by getting into multiple schools and shopping around the scholarship offers - so the $500 you lose with your deposit can pay off if you leverage that admission/scholarship offer into more $$ at your top choice school.

 

If you pay the deposit and then decide not to participate in the program, how do you go about declining? I'm having a similar issue with regards to a 2-week deadline.

 

just give up the cash and you'll be freed. The point of deposit is to make you pay for forgoing your spot. there may be matriculation deadlines that you cannot back out of, though.

 

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