I just found out today that I have been placed on the #1 spot on the alternate list at my preferred school. I have already been accepted (and had to pay a deposit) at another school. I realize that I will be forfeiting my deposit if I choose to not go to this school, but my letter said I may not hear if I am accepted from the alternates list until August, is that too late to cancel on the other school, would that appear unproffessional? Does anyone else have experience with these alternate lists? Thank you.