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Paying a deposit to every school?

Discussion in 'Pre-Medical Allopathic [ MD ]' started by iheartflatus, 10.29.14.

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  1. iheartflatus

    iheartflatus

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    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!
     
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  3. gyngyn

    gyngyn Professor Gold Donor 5+ Year Member

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    Deposits to MD schools should be refundable if you decide not to attend. The school you attend counts it towards tuition.
     
    Last edited: 10.29.14
  4. iheartflatus

    iheartflatus

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    Sweet! Thank you.
     
  5. Catalystik

    Catalystik Providing herd protection SDN Advisor 10+ Year Member

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  6. cluelessM1

    cluelessM1 2+ Year Member

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    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

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    :laugh: Or like leaving the money in your savings or checking account, where you get a few cents in interest.
     
    Last edited: 10.30.14
  8. tofuuu

    tofuuu 2+ Year Member

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    This is also news to me. Are there any downsides to accepting multiple offers?
     
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  9. gyngyn

    gyngyn Professor Gold Donor 5+ Year Member

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    Not at this point.
     
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  10. gyngyn

    gyngyn Professor Gold Donor 5+ Year Member

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    Tell me where you bank! I think I'm paying for deposits.
     
  11. Catalystik

    Catalystik Providing herd protection SDN Advisor 10+ Year Member

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    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.
     
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  12. darkjedi

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

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    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.
     
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  13. Catalystik

    Catalystik Providing herd protection SDN Advisor 10+ Year Member

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    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.
     
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  14. Ismet

    Ismet PGY-fun SDN Administrator 5+ Year Member

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    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

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    Miami's deposit is non-refundable.
     
  16. f4reignbeauty

    f4reignbeauty Nature lover <3 2+ Year Member

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    I think you're correct. The deadlines have been moved up!
     
  17. malick1

    malick1

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    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.
     
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  18. DrOMG

    DrOMG 2+ Year Member

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    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

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    Did you find out if the deposit is refundable?
     
  20. karayaa

    karayaa 2+ Year Member

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    This is a reasonable reason to contact them and ask directly.
     
  21. DrOMG

    DrOMG 2+ Year Member

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    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

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    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

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    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

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    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

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    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

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    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

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    Well DOs are not far from Caribbean schools on the money making business
     
  28. singergirl18

    singergirl18 2+ Year Member

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    Ugh I never knew that. Disgusting.
     
    malick1 likes this.

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