Deposit Deadline? : The B-School Application
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Manager
Joined: 25 Sep 2006
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12 Feb 2007, 08:51
So now that admission offers are rolling in, are you under pressure to make a decision for the deposit deadline?

Many schools give only 1 month. If you have applied to schools in multiple rounds, you could be stuck in a pretty difficult position of having to pay a backup school.

I'm in that situation and my deposit is due on Feb 15th (thursday!) I would gladly pay any of the 3 US schools I applied to, but the only one who has interviewed me is Cornell. Other than calling the adcom to ask if they have made a decision for me, there's not much else I can do. (UofToronto is not willing to give me any extension)

NYU was supposed to give out decisions earlier, but they pushed everything back this year. Am I screwed out of $2500? SVP Joined: 01 Nov 2006 Posts: 1855 Schools: The Duke MBA, Class of 2009 Followers: 16 Kudos [?]: 203 [0], given: 2 ### Show Tags 12 Feb 2007, 09:14 Duke gives nearly 2 months. Director Joined: 07 Aug 2006 Posts: 572 Followers: 1 Kudos [?]: 5 [0], given: 0 ### Show Tags 12 Feb 2007, 09:30 Ask for an extension. Many will grant you one. At a Kellogg info session they said that they gladly grant extensions but that they will pull your offer if they find out that you double deposited. Senior Manager Joined: 05 Mar 2006 Posts: 348 Followers: 1 Kudos [?]: 12 [0], given: 0 ### Show Tags 12 Feb 2007, 11:22 Fluffydot, I paid$1500 for Cornell (why do you have to pay $2500?). If nothing major happens, I'm pretty much down for Cornell. Definitely research the possibility of an extension. Senior Manager Joined: 03 Jul 2006 Posts: 480 Followers: 1 Kudos [?]: 16 [0], given: 0 ### Show Tags 12 Feb 2007, 11:26 Won't ad comms be upset with an applicant even asking about an extension? If you ask, should you make sure to not mention your name? Director Joined: 07 Aug 2006 Posts: 572 Followers: 1 Kudos [?]: 5 [0], given: 0 ### Show Tags 12 Feb 2007, 11:36 Why would they be upset? The one thing that schools really don't like is to reserve a spot for a student and then not have that person show up in September. It can screw some of their planning. I guess you could first ask anonymously but they will not rescind your admit if you ask for an extension. Senior Manager Joined: 03 Jul 2006 Posts: 480 Followers: 1 Kudos [?]: 16 [0], given: 0 ### Show Tags 12 Feb 2007, 11:50 Because you are essentially implying that particular school isn't your top choice, and ad comms could be annoyed by that. Maybe it's just my paranoid side talking, but I would be scared an ad comm could/would rescind my offer if they knew their school wasn't my top choice. Manager Joined: 25 Sep 2006 Posts: 248 Followers: 1 Kudos [?]: 0 [0], given: 0 ### Show Tags 12 Feb 2007, 12:24 agsfaltex wrote: Fluffydot, I paid$1500 for Cornell (why do you have to pay $2500?). If nothing major happens, I'm pretty much down for Cornell. Definitely research the possibility of an extension. The$2500 is for UofToronto. I haven't gotten a offer from Cornell yet... fingers crossed.

Here's a quick update:
I wasn't able to get a hold of the director of admissions at Cornell, but I spoke to a really nice lady in the office. She said that she remembers me and has asked the director to look at my file! wow what a nice person!

So I might actually get an early decisioin? I was a little worried that they might think I am being pushy, but I asked in the nicest way possible. Hope it works out...
Senior Manager
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12 Feb 2007, 12:52
fluffydot wrote:
So I might actually get an early decisioin? I was a little worried that they might think I am being pushy, but I asked in the nicest way possible. Hope it works out...

What exactly did you say? Did you just explain the whole situation?
Manager
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12 Feb 2007, 12:59
I explained my situation - got accepted to my backup school and they wanted $2500 by thursday. I asked if there was anything she could do, and apparently there might be hope! believe me when I say I thanked her profusely! I suppose even if I get a ding, it would be a good thing to get that out of the way instead of waiting til end of March. Another interesting thing is that the lady say I wasn't the only one who has asked about this... hmm.. any other gmatclubbers call about this? Director Joined: 07 Jun 2006 Posts: 513 Followers: 11 Kudos [?]: 121 [0], given: 0 ### Show Tags 12 Feb 2007, 16:27 5900$ - INSEAD. 1 month deadline.
Director
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12 Feb 2007, 16:47
necromonger wrote:
UCLA - 3 months - 1000 $is it a game of repeating? Manager Joined: 25 Sep 2006 Posts: 248 Followers: 1 Kudos [?]: 0 [0], given: 0 ### Show Tags 13 Feb 2007, 13:19 Well, I caved and went to the bank. Got a bank draft and mailed it in just now... gosh I really didn't wanna let go of that envelope.... I also skimpped out on the tracking and went with regular postage. hope nothing goes awry... Now I'm$2500 poorer...
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13 Feb 2007, 13:50
fluffydot wrote:
Well, I caved and went to the bank.
Got a bank draft and mailed it in just now... gosh I really didn't wanna let go of that envelope....

I also skimpped out on the tracking and went with regular postage. hope nothing goes awry...

Now I'm \$2500 poorer...

Wait a couple of years and you'll be 150k poorer!
13 Feb 2007, 13:50
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