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Am I commited if I make a deposit?


alicat7

Question

I need to make a decision on School A by tomorrow morning.  I'm not sure if I want to go, but want to reserve my place in case I decide to attend.  Am I legally commited/financially responsible if I make a deposit without signing any forms?

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You are not legally committed to anything unless you somehow sign such a commitment. I have never heard of a legal commitment for an academic program though.

A deposit is usually non-refundable so you are usually only as financially committed as your deposit. i.e. if you change your mind, you will lose your deposit. 

I don't know what kind of program you are signing on for, so my only other advice is to check whatever you're signing to ensure that it's not some kind of agreement to commit yourself to also paying further deposits. 

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