Submitting your College Enrollment Deposit

David Cantu

David Cantu

Last Updated April 14th, 2021

Hello there! In this video, we are going to talk about completing your enrollment deposit fee and how to waive this fee – if you really can’t afford to pay it.

 

What is an enrollment deposit?

An enrollment deposit fee is a non-refundable payment made to the college or university you will be attending to guarantee your spot in the incoming freshmen class.

The amount of this fee varies depending on the college or university – believe it or not, enrollment deposit fees can range between $100 dollars and $1,000 dollars!

This deposit is typically applied to your tuition bill and it could also be used to confirm your housing, orientation registration, or other on-campus costs.

Similar to how you can apply for a college application fee waiver when you submit your applications through the common application, coalition application or directly to the school admissions portal, if you can not pay or need help paying for this enrollment deposit fee, you can apply for an enrollment deposit fee waiver.

Which is exactly what I want to talk about next, the four steps to waive your college enrollment deposit fee.

1. Do a final review of your financial aid package

Like I mentioned in the previous lesson where I talked about the 5 tips to successfully appeal a financial aid package, before you even start a scholarship renegotiation process with a school, a financial aid appeal or pay the enrollment deposit fee, do a final review of your financial aid package and determine your total cost of attendance – not just the total tuition price for the entire school year.

If you and your parents determine that you do not have the funds to make the deposit payment, then you will want to move on to step number two.

2. Have the necessary documentation ready

If you or your family have experienced any financial hardship, such as a reduction in a parent’s income, the loss of a parent’s job, unanticipated medical expenses, extra bills for elderly parent care, and separation or divorce. You can submit an enrollment deposit fee waiver request directly to your college or university.

To do this you will need to complete the NACAC’s waiver form.

NACAC Request Enrollment Deposit Fee Waiver

The National Association for College Admission Counseling, this is the same organization that I told about when looking for state scholarships and grants.

The NACAC has created a helpful waiver form that can be completed without having to print anything, you will have to use Adobe Acrobat Reader to complete it online but if you prefer to print it out and do it by hand, be my guest.

I will leave a link and attach this PDF form down below in the resource section of this lesson and I will also leave a tutorial on how to use Adobe to complete forms online – this will be super helpful later on.

3. Send the form to your college admissions office

After you complete the enrollment deposit fee waiver form, you will need to send it to your college admissions office, depending on your school, you might have to send it to the financial aid office.

Make sure you explain your household’s financial circumstances in detail in that email.

For those of you who have been in touch with an admissions representative, coach or a specific program director, do not forget to also reach out to them first explaining your situation.

They may be able to point you in the right direction and provide you with school-specific policies or programs.

4. Be on the lookout for the school’s reply

After a couple of weeks, you should hear back from the college or university. They will let you know if they accepted or denied your request to waive your enrollment deposit fee.

Since the process may take a couple of weeks, make sure to submit it as soon as possible and reach out to your school’s admissions office if you have any questions.

If you don’t hear back after two weeks, follow up in person, via phone or via email.

Do not make the mistake of assuming they accepted your request and forget to pay your enrollment deposit fee. 

Do not make the mistake of assuming they accepted your request and forget to pay your enrollment deposit fee.

So there you have it these were the four steps to help you waive college enrollment deposit fee.

Although it may not always work, it is definitely worth a try as long as you are doing it for the right reasons.

As always, if you have any questions please let me know at support@bestcollegeaid.com

David

 
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