Greetings.
I got admitted to my second choice school (let's say, it's SIPA) with fellowship funding for 2013. Based on a number of reasons, including family and finances, I have decided to defer the offer for a year. During this year, I plan to apply other (more prestigious) schools in hopes of getting a degree from a well-known school (internationally, particularly in my home country) and more funding. I understand I will lose the deposit for both accptance and deferral, if, at the end, I choose not to attend.
Nowadays, my questions are:
1. May I apply to other programs while holding deferred acceptance?
2. Considering I decide after all to go to this school, will the fellowship funding offer carry on or do I lose it because of deferral?
Please advise.