What is an enrollment deposit?

An enrollment deposit is a non-refundable fee that a student must pay to secure their spot at a college or university. This deposit is typically required after a student has been admitted to a school and has decided to attend. The purpose of the enrollment deposit is to ensure that the student is serious about attending the school and to reserve their spot in the incoming class.

The amount of the enrollment deposit can vary depending on the school, but it is usually a few hundred dollars. Some schools may also require an additional housing deposit for students who plan to live on campus.

It is important for students to pay the enrollment deposit by the deadline specified by the school in order to secure their spot. Failure to pay the deposit on time may result in the student losing their admission offer.

While enrollment deposits are typically non-refundable, some schools may allow for exceptions in cases of extenuating circumstances. Students should check the school's policy on enrollment deposits before making a payment.