Dismiss Notice
Check out the new Application Assistant, where you can calculate your LizzyM score, see how you rank compared to other applicants, and see a list of schools where similar students were accepted.

Paying a deposit to every school?

Discussion in 'Pre-Medical Allopathic [ MD ]' started by iheartflatus, Oct 29, 2014.

  1. SDN is made possible through member donations, sponsorships, and our volunteers. Learn about SDN's nonprofit mission.
  1. iheartflatus

    iheartflatus

    Joined:
    Aug 22, 2014
    Messages:
    23
    Status:
    Pre-Medical
    So I recently rcd good news and I have been accepted. In the acceptance email it says I have two weeks to pay my tuition deposit, declaration of intent and technical standards. I thought that the deadline was April? Does that mean I have to pay deposits and file declaration of intent at every school until I decide which one is the right fit for me? I'm broke!
     
  2. SDN Members don't see this ad. About the ads.
  3. gyngyn

    gyngyn Professor Gold Donor 5+ Year Member

    Joined:
    Nov 4, 2011
    Messages:
    17,080
    Location:
    Alta California
    Status:
    Attending Physician, Academic Administration
    Verified
    Physician
    Verified
    Faculty
    Deposits to MD schools should be refundable if you decide not to attend. The school you attend counts it towards tuition.
     
    Last edited: Oct 29, 2014
  4. iheartflatus

    iheartflatus

    Joined:
    Aug 22, 2014
    Messages:
    23
    Status:
    Pre-Medical
    Sweet! Thank you.
     
  5. Catalystik

    Catalystik Providing herd protection SDN Advisor 10+ Year Member

    Joined:
    Sep 4, 2006
    Messages:
    25,455
    Location:
    ILVERMORNY
    Verified
    Physician
    Verified
    Faculty
    givemeabreak and gyngyn like this.
  6. cluelessM1

    cluelessM1 2+ Year Member

    Joined:
    Sep 20, 2014
    Messages:
    20
    It will be fun in the spring when you pick your school and start getting $100 refund checks in the mail. It's like government bonds, but with no interest!
     
  7. Catalystik

    Catalystik Providing herd protection SDN Advisor 10+ Year Member

    Joined:
    Sep 4, 2006
    Messages:
    25,455
    Location:
    ILVERMORNY
    Verified
    Physician
    Verified
    Faculty
    :laugh: Or like leaving the money in your savings or checking account, where you get a few cents in interest.
     
    Last edited: Oct 30, 2014
  8. tofuuu

    tofuuu 2+ Year Member

    Joined:
    May 24, 2014
    Messages:
    168
    Status:
    Medical Student
    This is also news to me. Are there any downsides to accepting multiple offers?
     
    givemeabreak and f4reignbeauty like this.
  9. gyngyn

    gyngyn Professor Gold Donor 5+ Year Member

    Joined:
    Nov 4, 2011
    Messages:
    17,080
    Location:
    Alta California
    Status:
    Attending Physician, Academic Administration
    Verified
    Physician
    Verified
    Faculty
    Not at this point.
     
    givemeabreak and f4reignbeauty like this.
  10. gyngyn

    gyngyn Professor Gold Donor 5+ Year Member

    Joined:
    Nov 4, 2011
    Messages:
    17,080
    Location:
    Alta California
    Status:
    Attending Physician, Academic Administration
    Verified
    Physician
    Verified
    Faculty
    Tell me where you bank! I think I'm paying for deposits.
     
  11. Catalystik

    Catalystik Providing herd protection SDN Advisor 10+ Year Member

    Joined:
    Sep 4, 2006
    Messages:
    25,455
    Location:
    ILVERMORNY
    Verified
    Physician
    Verified
    Faculty
    I don't think that 4 cents a month (seriously) is worth going through the paperwork to change accounts. Wait, that's almost a dollar every 2 years, so maybe it is! You've made me feel so much better.
     
    Goro, pink/\floyd and gyngyn like this.
  12. darkjedi

    darkjedi how did this get here I am not good with computer 7+ Year Member

    Joined:
    Oct 14, 2009
    Messages:
    2,890
    Verified
    Physician
    Aren't the traffic rules for MD deadlines moved up this year so they aligned with MD-PhDs? As I understand it, decisions are supposed to be made by April 30th now. Those traffic rules may be out of date.
     
    AspiringERMD and Osteoth like this.
  13. Catalystik

    Catalystik Providing herd protection SDN Advisor 10+ Year Member

    Joined:
    Sep 4, 2006
    Messages:
    25,455
    Location:
    ILVERMORNY
    Verified
    Physician
    Verified
    Faculty
    You are correct. In 2015, the date will change to April 30. Here is the draft:
    From: https://www.aamc.org/download/364264/data/2014trafficrules.pdf
    @iheartflatus You'll have to move your timeline up by 2 weeks.
     
    darkjedi likes this.
  14. Ismet

    Ismet PGY-fun SDN Administrator 5+ Year Member

    Joined:
    May 15, 2011
    Messages:
    9,237
    Status:
    Resident [Any Field]
    Verified
    Physician
    Be sure to read the school policy though. The AAMC traffic rules are SUGGESTIONS, meaning they're not hard and fast rules. Maybe this school has changed since, but in my app year, Drexel would not refund your deposit if you decided not to attend.
     
  15. Doctor_Nope

    Doctor_Nope

    Joined:
    Sep 9, 2014
    Messages:
    56
    Status:
    Medical Student (Accepted)
    Miami's deposit is non-refundable.
     
  16. f4reignbeauty

    f4reignbeauty Nature lover <3 2+ Year Member

    Joined:
    Sep 23, 2014
    Messages:
    773
    MDApps:
    Status:
    Medical Student
    I think you're correct. The deadlines have been moved up!
     
  17. malick1

    malick1

    Joined:
    Sep 20, 2014
    Messages:
    228
    Location:
    In a Computer Near You !
    Status:
    Pre-Medical
    Broke or not just be happy many in here wish they had your conflict, because this just mean you will be a DOCTOR someday !! congratulations on the acceptance.
     
    givemeabreak and f4reignbeauty like this.
  18. DrOMG

    DrOMG 2+ Year Member

    Joined:
    Oct 13, 2011
    Messages:
    485
    Location:
    District 12
    Status:
    Medical Student (Accepted)
    I was a bit confused with Rosalind Franklin. On the top of the letter of intent it says it is refundable but then when you hover over the 'Agree' button it says the deposit is nonrefundable. Conflicting.
     
    bitternsweetxo2 likes this.
  19. bitternsweetxo2

    bitternsweetxo2 2+ Year Member

    Joined:
    Jun 9, 2012
    Messages:
    57
    Status:
    Medical Student (Accepted)
    Did you find out if the deposit is refundable?
     
  20. karayaa

    karayaa 2+ Year Member

    Joined:
    Dec 5, 2012
    Messages:
    696
    Status:
    Medical Student (Accepted)
    This is a reasonable reason to contact them and ask directly.
     
  21. DrOMG

    DrOMG 2+ Year Member

    Joined:
    Oct 13, 2011
    Messages:
    485
    Location:
    District 12
    Status:
    Medical Student (Accepted)
    I didn't call them. They're going to get my money either way lol
     
  22. sazerac

    sazerac rye sense of humor 2+ Year Member

    Joined:
    Feb 26, 2012
    Messages:
    1,809
    Status:
    Medical Student
    Could be worse... many DO schools have non-refundable deposits of $2,000. Makes you think twice about accepting that acceptance!
     
    Giliean likes this.
  23. miszfifi820

    miszfifi820 2+ Year Member

    Joined:
    Apr 30, 2014
    Messages:
    357
    Status:
    Medical Student (Accepted)
    so this is kind of on the same topic, what is the upside of holding multiple acceptances if yu already know where you want to go? I know ive heard a couple things about schools offering scholarships if they feel like you are desirable once that information is released in February. if true, how much of an affect does that really have on a scholarship? or this that more of rare situation? if that is true, does 'holding multiple acceptances' mean having received multiple acceptances or having received multiple acceptances AND paying the deposit to hold ur spot to those schools? any info would help.
     
  24. godawg300

    godawg300

    Joined:
    Jun 11, 2014
    Messages:
    741
    Status:
    Medical Student (Accepted)
    All I know is that in February/March, schools see where you hold acceptances. Otherwise if you decline it they won't see that then.
     
  25. singergirl18

    singergirl18 2+ Year Member

    Joined:
    May 1, 2014
    Messages:
    331
    Location:
    New Hampshire
    Status:
    Medical Student
    I believe they do now (I think), but that makes me twice as happy that I withdrew my acceptance in case I am wrong.
     
  26. singergirl18

    singergirl18 2+ Year Member

    Joined:
    May 1, 2014
    Messages:
    331
    Location:
    New Hampshire
    Status:
    Medical Student
    That's highway robbery. Applicants pay enough money for MCAT, apps, etc. Applicants shouldn't get screwed over if they want to take the time to make an informed decision between two schools.
     
    AspiringERMD likes this.
  27. malick1

    malick1

    Joined:
    Sep 20, 2014
    Messages:
    228
    Location:
    In a Computer Near You !
    Status:
    Pre-Medical
    Well DOs are not far from Caribbean schools on the money making business
     
  28. singergirl18

    singergirl18 2+ Year Member

    Joined:
    May 1, 2014
    Messages:
    331
    Location:
    New Hampshire
    Status:
    Medical Student
    Ugh I never knew that. Disgusting.
     
    malick1 likes this.

About the ads

Share This Page