Deposit
Posted Mar 07, 2010 23:09
0
Posted Mar 08, 2010 05:29
0
They cannot cancel your scholarship - you've already received an award letter, right?
And if you would like to head for some other schools after you paid the deposit, i bet USC would be happy to earn an extra $500 from you. I guess that they take deposits paid by those who finally turned them down as an important source of revenue every year...
They cannot cancel your scholarship - you've already received an award letter, right?
And if you would like to head for some other schools after you paid the deposit, i bet USC would be happy to earn an extra $500 from you. I guess that they take deposits paid by those who finally turned them down as an important source of revenue every year...
And if you would like to head for some other schools after you paid the deposit, i bet USC would be happy to earn an extra $500 from you. I guess that they take deposits paid by those who finally turned them down as an important source of revenue every year...
Posted Mar 08, 2010 07:51
0
They cannot cancel your scholarship - you've already received an award letter, right?
And if you would like to head for some other schools after you paid the deposit, i bet USC would be happy to earn an extra $500 from you. I guess that they take deposits paid by those who finally turned them down as an important source of revenue every year...
Wooow...it's weird
<blockquote>They cannot cancel your scholarship - you've already received an award letter, right?
And if you would like to head for some other schools after you paid the deposit, i bet USC would be happy to earn an extra $500 from you. I guess that they take deposits paid by those who finally turned them down as an important source of revenue every year...</blockquote>
Wooow...it's weird
And if you would like to head for some other schools after you paid the deposit, i bet USC would be happy to earn an extra $500 from you. I guess that they take deposits paid by those who finally turned them down as an important source of revenue every year...</blockquote>
Wooow...it's weird
Posted Mar 08, 2010 10:53
0
Why not ask for an extension...I did that with BU and they offered me a very notable award!
Why not ask for an extension...I did that with BU and they offered me a very notable award!
Posted Mar 08, 2010 11:33
0
@ tota...
If you have not received any offer of fi. aid from the school that you sre facing the dealine with, the legal position in my opinion is as follows:
The tuition deposit is not unlike an earnest or the premium one pays to buy an option over an asset (In this case, the admission to that uni.).
If you are able to sell yourself to a higher placed university after buying the option, the option becomes out the money and you simply let it expire.
Thats the reason, some universities have a liquidated damages clause saying that in the event that you withdraw, the deposit will be forfeit...if not, the same will be credited to the tuition...
This is because most foresee, that Applicants like to have multiple options (hedging the risk of rejection), and would want to sell themselves to the better placed Uni. should the opportunity arise at a later point....I agree with the view that this earnest could be a significant source of revenue for middle of the rung universities mostly...
My view also is that if you are offered aid along with the offer, the position changes from pure contractarian to fiduciary. And if you have paid the deposit along wih indication of accepting the monies that come along, The university in question can move to impose a reputational sanction. (In academy, unlike outside, that can be significantly damaging).
So, the bottom line is that if is its an offer simpliciter, you are within your rights to let the "option" expire should the LLM market respond more favourably afterwards...
@ tota...
If you have not received any offer of fi. aid from the school that you sre facing the dealine with, the legal position in my opinion is as follows:
The tuition deposit is not unlike an earnest or the premium one pays to buy an option over an asset (In this case, the admission to that uni.).
If you are able to sell yourself to a higher placed university after buying the option, the option becomes out the money and you simply let it expire.
Thats the reason, some universities have a liquidated damages clause saying that in the event that you withdraw, the deposit will be forfeit...if not, the same will be credited to the tuition...
This is because most foresee, that Applicants like to have multiple options (hedging the risk of rejection), and would want to sell themselves to the better placed Uni. should the opportunity arise at a later point....I agree with the view that this earnest could be a significant source of revenue for middle of the rung universities mostly...
My view also is that if you are offered aid along with the offer, the position changes from pure contractarian to fiduciary. And if you have paid the deposit along wih indication of accepting the monies that come along, The university in question can move to impose a reputational sanction. (In academy, unlike outside, that can be significantly damaging).
So, the bottom line is that if is its an offer simpliciter, you are within your rights to let the "option" expire should the LLM market respond more favourably afterwards...
If you have not received any offer of fi. aid from the school that you sre facing the dealine with, the legal position in my opinion is as follows:
The tuition deposit is not unlike an earnest or the premium one pays to buy an option over an asset (In this case, the admission to that uni.).
If you are able to sell yourself to a higher placed university after buying the option, the option becomes out the money and you simply let it expire.
Thats the reason, some universities have a liquidated damages clause saying that in the event that you withdraw, the deposit will be forfeit...if not, the same will be credited to the tuition...
This is because most foresee, that Applicants like to have multiple options (hedging the risk of rejection), and would want to sell themselves to the better placed Uni. should the opportunity arise at a later point....I agree with the view that this earnest could be a significant source of revenue for middle of the rung universities mostly...
My view also is that if you are offered aid along with the offer, the position changes from pure contractarian to fiduciary. And if you have paid the deposit along wih indication of accepting the monies that come along, The university in question can move to impose a reputational sanction. (In academy, unlike outside, that can be significantly damaging).
So, the bottom line is that if is its an offer simpliciter, you are within your rights to let the "option" expire should the LLM market respond more favourably afterwards...
Posted Mar 08, 2010 11:43
0
@ tota...
If you have not received any offer of fi. aid from the school that you sre facing the dealine with, the legal position in my opinion is as follows:
The tuition deposit is not unlike an earnest or the premium one pays to buy an option over an asset (In this case, the admission to that uni.).
If you are able to sell yourself to a higher placed university after buying the option, the option becomes out the money and you simply let it expire.
Thats the reason, some universities have a liquidated damages clause saying that in the event that you withdraw, the deposit will be forfeit...if not, the same will be credited to the tuition...
This is because most foresee, that Applicants like to have multiple options (hedging the risk of rejection), and would want to sell themselves to the better placed Uni. should the opportunity arise at a later point....I agree with the view that this earnest could be a significant source of revenue for middle of the rung universities mostly...
My view also is that if you are offered aid along with the offer, the position changes from pure contractarian to fiduciary. And if you have paid the deposit along wih indication of accepting the monies that come along, The university in question can move to impose a reputational sanction. (In academy, unlike outside, that can be significantly damaging).
So, the bottom line is that if is its an offer simpliciter, you are within your rights to let the "option" expire should the LLM market respond more favourably afterwards...
Sorry, but I think that's a statement which you give because you face the same or a comparable situation. Although I support that the unis will not state a claim at a court if you withdraw, you do not buy an option as long as not both parties agree to do so. So, most of the unis therefore clearly state that they will take your acceptance of an offer as a firm statement to the uni. Some even state that you thereby state that you withdraw other applications etc. This is certainly not an option!
I'd go with asking USC for an extention of the deadline. I am pretty sure they will accept it (I haven't had any problems, in particular if it's not a full scholarship). But as a lawyer integrity, morality and so on is an important thing. Of course it's up to you to chose a path. But from a overall and not economic point of view, it is certainly better not to confirm and withdraw afterwards. And last but not least it's not fair to all other applicants waiting for answers or being waitlisted...
<blockquote>@ tota...
If you have not received any offer of fi. aid from the school that you sre facing the dealine with, the legal position in my opinion is as follows:
The tuition deposit is not unlike an earnest or the premium one pays to buy an option over an asset (In this case, the admission to that uni.).
If you are able to sell yourself to a higher placed university after buying the option, the option becomes out the money and you simply let it expire.
Thats the reason, some universities have a liquidated damages clause saying that in the event that you withdraw, the deposit will be forfeit...if not, the same will be credited to the tuition...
This is because most foresee, that Applicants like to have multiple options (hedging the risk of rejection), and would want to sell themselves to the better placed Uni. should the opportunity arise at a later point....I agree with the view that this earnest could be a significant source of revenue for middle of the rung universities mostly...
My view also is that if you are offered aid along with the offer, the position changes from pure contractarian to fiduciary. And if you have paid the deposit along wih indication of accepting the monies that come along, The university in question can move to impose a reputational sanction. (In academy, unlike outside, that can be significantly damaging).
So, the bottom line is that if is its an offer simpliciter, you are within your rights to let the "option" expire should the LLM market respond more favourably afterwards...
</blockquote>
Sorry, but I think that's a statement which you give because you face the same or a comparable situation. Although I support that the unis will not state a claim at a court if you withdraw, you do not buy an option as long as not both parties agree to do so. So, most of the unis therefore clearly state that they will take your acceptance of an offer as a firm statement to the uni. Some even state that you thereby state that you withdraw other applications etc. This is certainly not an option!
I'd go with asking USC for an extention of the deadline. I am pretty sure they will accept it (I haven't had any problems, in particular if it's not a full scholarship). But as a lawyer integrity, morality and so on is an important thing. Of course it's up to you to chose a path. But from a overall and not economic point of view, it is certainly better not to confirm and withdraw afterwards. And last but not least it's not fair to all other applicants waiting for answers or being waitlisted...
If you have not received any offer of fi. aid from the school that you sre facing the dealine with, the legal position in my opinion is as follows:
The tuition deposit is not unlike an earnest or the premium one pays to buy an option over an asset (In this case, the admission to that uni.).
If you are able to sell yourself to a higher placed university after buying the option, the option becomes out the money and you simply let it expire.
Thats the reason, some universities have a liquidated damages clause saying that in the event that you withdraw, the deposit will be forfeit...if not, the same will be credited to the tuition...
This is because most foresee, that Applicants like to have multiple options (hedging the risk of rejection), and would want to sell themselves to the better placed Uni. should the opportunity arise at a later point....I agree with the view that this earnest could be a significant source of revenue for middle of the rung universities mostly...
My view also is that if you are offered aid along with the offer, the position changes from pure contractarian to fiduciary. And if you have paid the deposit along wih indication of accepting the monies that come along, The university in question can move to impose a reputational sanction. (In academy, unlike outside, that can be significantly damaging).
So, the bottom line is that if is its an offer simpliciter, you are within your rights to let the "option" expire should the LLM market respond more favourably afterwards...
</blockquote>
Sorry, but I think that's a statement which you give because you face the same or a comparable situation. Although I support that the unis will not state a claim at a court if you withdraw, you do not buy an option as long as not both parties agree to do so. So, most of the unis therefore clearly state that they will take your acceptance of an offer as a firm statement to the uni. Some even state that you thereby state that you withdraw other applications etc. This is certainly not an option!
I'd go with asking USC for an extention of the deadline. I am pretty sure they will accept it (I haven't had any problems, in particular if it's not a full scholarship). But as a lawyer integrity, morality and so on is an important thing. Of course it's up to you to chose a path. But from a overall and not economic point of view, it is certainly better not to confirm and withdraw afterwards. And last but not least it's not fair to all other applicants waiting for answers or being waitlisted...
Posted Mar 08, 2010 12:30
0
@ MAB79,
I agree that the option analogy is not precise. Indeed, that is the reason, my last sentence puts the word-- Option into inverted commas :)
The idea was to give tota a crude surrogate...The earnest analogy is better...
For Universities that expressly state the clause you mention, (firm statement etc) the above is rebutted by express language.
Finally, the fact that I am facing a similar situation is independent of my views here.
@ MAB79,
I agree that the option analogy is not precise. Indeed, that is the reason, my last sentence puts the word-- Option into inverted commas :)
The idea was to give tota a crude surrogate...The earnest analogy is better...
For Universities that expressly state the clause you mention, (firm statement etc) the above is rebutted by express language.
Finally, the fact that I am facing a similar situation is independent of my views here.
I agree that the option analogy is not precise. Indeed, that is the reason, my last sentence puts the word-- Option into inverted commas :)
The idea was to give tota a crude surrogate...The earnest analogy is better...
For Universities that expressly state the clause you mention, (firm statement etc) the above is rebutted by express language.
Finally, the fact that I am facing a similar situation is independent of my views here.
Posted Mar 08, 2010 14:56
0
@ MAB79,
I agree that the option analogy is not precise. Indeed, that is the reason, my last sentence puts the word-- Option into inverted commas :)
The idea was to give tota a crude surrogate...The earnest analogy is better...
For Universities that expressly state the clause you mention, (firm statement etc) the above is rebutted by express language.
Finally, the fact that I am facing a similar situation is independent of my views here.
I still think that just because you have to pay the 500 Dollar as a penalty fee in case you withdraw your acceptance, you are not entitled to withdraw from a pure legal point of view - unless both parties agree upon (expressly or implicitly).
Given this, there are many reasons to act unfaithful. One for sure is that I don't think that they will cause any harm. But of course, this is pure assumption and I sure can imagine that if you withdraw an offer of a school which has offered you a tuition waiver etc., it might be a disadvantage for a possible other uni, if they want to harm you (because they all know each other).
That is why I think from a legal and moral point of view, the best, fairest and easiest way is to ask USC for an extension.
Sorry, didn't mean to offend you with the sentence about your own situation.
<blockquote>@ MAB79,
I agree that the option analogy is not precise. Indeed, that is the reason, my last sentence puts the word-- Option into inverted commas :)
The idea was to give tota a crude surrogate...The earnest analogy is better...
For Universities that expressly state the clause you mention, (firm statement etc) the above is rebutted by express language.
Finally, the fact that I am facing a similar situation is independent of my views here.
</blockquote>
I still think that just because you have to pay the 500 Dollar as a penalty fee in case you withdraw your acceptance, you are not entitled to withdraw from a pure legal point of view - unless both parties agree upon (expressly or implicitly).
Given this, there are many reasons to act unfaithful. One for sure is that I don't think that they will cause any harm. But of course, this is pure assumption and I sure can imagine that if you withdraw an offer of a school which has offered you a tuition waiver etc., it might be a disadvantage for a possible other uni, if they want to harm you (because they all know each other).
That is why I think from a legal and moral point of view, the best, fairest and easiest way is to ask USC for an extension.
Sorry, didn't mean to offend you with the sentence about your own situation.
I agree that the option analogy is not precise. Indeed, that is the reason, my last sentence puts the word-- Option into inverted commas :)
The idea was to give tota a crude surrogate...The earnest analogy is better...
For Universities that expressly state the clause you mention, (firm statement etc) the above is rebutted by express language.
Finally, the fact that I am facing a similar situation is independent of my views here.
</blockquote>
I still think that just because you have to pay the 500 Dollar as a penalty fee in case you withdraw your acceptance, you are not entitled to withdraw from a pure legal point of view - unless both parties agree upon (expressly or implicitly).
Given this, there are many reasons to act unfaithful. One for sure is that I don't think that they will cause any harm. But of course, this is pure assumption and I sure can imagine that if you withdraw an offer of a school which has offered you a tuition waiver etc., it might be a disadvantage for a possible other uni, if they want to harm you (because they all know each other).
That is why I think from a legal and moral point of view, the best, fairest and easiest way is to ask USC for an extension.
Sorry, didn't mean to offend you with the sentence about your own situation.
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