Sign contract and pay the deposit before the scholarship decision

Question

Hi guys,

I have been admitted to my MBA and the deadline to accept my offer is at the end of July.

I would like to know:

1) when you receive the admission/contract the business school can cancel your admission?

2) if you pay the deposit and you sign the contract before the scholarship decision, do you have any possibility to receive a scholarship or they know that you are going to attend their program and they tend to not give you a scholarship??

thanks, you are the best 😊

Admissionado · Answer

gastoneMIT :

1) when you receive the admission/contract the business school can cancel your admission?

A: I'm not sure I entirely understand your question. You can always choose not to attend or drop out, but it depends when and you may not get your money back. Timing is key. The rules are very school dependent. Can you clarify or share more?

2) if you pay the deposit and you sign the contract before the scholarship decision, do you have any possibility to receive a scholarship or they know that you are going to attend their program and they tend to not give you a scholarship??

A: The schools do not penalize students for commiting. If anything, you could argue you might have a better shot at getting scholarship money as the school know you are attending and it might be more interested in helping out matriculating students as opposed to those on the fence. Of course, you could argue the flip side that the school could use the scholarship money to entice undecideds; however, generally if those students don't end up accepting the money, it is subsequently redistributed. Point being, you should not be afraid to commit if that's where you are going for fear of losing out on financial support.

MITIMITIM · Answer

Admissionado

Thank you very much for your help.

regarding the first question, I would like to say:

if I received the admission letter last Wednesday, but I have not neither signed the contract nor paid the deposit yet (I still have 2 weeks), they can change their mind regarding the admission that they offered to me for any reason?

Thank you very much for your help again 🙏

Posted from my mobile device

Admissionado · Answer

gastoneMIT : That is an extremely rare and almost unheard of situation. You'd have to do something notorious or have lied about something significant in your application (and it be made public to the AdCom) for them to rescind your acceptance letter. Why are you so concerned? I don't understand the fear. You have been accepted - you should be celebrating not fretting

If you are very worried about something happening in the next two weeks, sign the acceptance and pay the deposit. You should only stall if you are really unsure about attending or are consider another option (another MBA program, a competing job offer, etc.) -Admissionado

Sign contract and pay the deposit before the scholarship decision

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