Timeline for Master's institution forcing me to deposit $5000 immediately -- what can I do if I accept?
Current License: CC BY-SA 4.0
21 events
when toggle format | what | by | license | comment | |
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Mar 6, 2020 at 22:07 | comment | added | Scott Seidman | Note that they're not "forcing" you. They're describing their conditions, and you're free to accept them or turn them down. | |
Mar 6, 2020 at 21:39 | answer | added | Mr Cabbage | timeline score: 1 | |
Mar 6, 2020 at 18:21 | comment | added | Nate | I put down a $5k deposit for my MS program at Carnegie Mellon - It seemed a little fishy to me too at first, but I called to make sure it was legit, and then I began the long road of paying for my grad school. | |
Mar 6, 2020 at 18:18 | comment | added | Ben Voigt | CS programs have money. Top CS programs especially, have money for funding students. At schools where funding is only available for PhD students and the whole masters program is unfunded, they're sending a clear message about which students they care about. I would double-check whether you are applying to a top-15 "masters in CS" program, or just the masters program at the same school that has a top-15 PhD program. You may be better served by a school that emphasizes the masters. | |
Mar 6, 2020 at 16:00 | vote | accept | gust | ||
Mar 6, 2020 at 15:44 | history | edited | gust | CC BY-SA 4.0 |
unroll edits
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Mar 6, 2020 at 15:30 | history | edited | cag51♦ | CC BY-SA 4.0 |
incorporate info from comments
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Mar 5, 2020 at 23:24 | answer | added | ZeroTheHero | timeline score: 4 | |
Mar 5, 2020 at 8:06 | answer | added | NoName | timeline score: 2 | |
Mar 5, 2020 at 7:58 | comment | added | Peter - Reinstate Monica | @Flyto With, admittedly, no specific knowledge of the admission system: One reason could be to make their admissions process manageable. They know that everybody has a umber of applications at different places running in parallel, so it is hard to tell how many of the admitted people will actually join; so they must "overbook" like an airplane, just more, and with greater variance. Without an upfront payment this gamble will result in either too many or too few accepted. The $5000 change that: The people who payed upfront are pretty committed, leading to a more predictable process. | |
Mar 5, 2020 at 4:09 | comment | added | user21820 | @Flyto: The fact that it is not well-known is precisely why they are getting away with it. In my opinion. | |
Mar 4, 2020 at 21:35 | history | became hot network question | |||
Mar 4, 2020 at 16:59 | answer | added | sntrenter | timeline score: 25 | |
Mar 4, 2020 at 15:47 | comment | added | Bryan Krause♦ | @Flyto That was my thought, too, but then I quickly googled "MS 5000 deposit" and found several institutions, including Columbia, with deposits that high. Yikes. | |
Mar 4, 2020 at 15:23 | history | edited | gust | CC BY-SA 4.0 |
Updated additional information
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Mar 4, 2020 at 15:00 | history | tweeted | twitter.com/StackAcademia/status/1235218667920556032 | ||
Mar 4, 2020 at 14:18 | answer | added | Dawn | timeline score: 55 | |
Mar 4, 2020 at 14:12 | comment | added | gust | @Dawn Well, it's in their official acceptance letter, and also reflected on their portal, so I'd be surprised if it were the case. | |
Mar 4, 2020 at 14:11 | comment | added | Dawn | I would definitely try to speak to someone directly at the school about this. It seems fishy and I would worry about it being a scam. Perhaps someone has pilfered their list of applicants? | |
Mar 4, 2020 at 13:28 | history | edited | Yacine |
Specify that it is in US because the concept is different from other countries
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Mar 4, 2020 at 13:22 | history | asked | gust | CC BY-SA 4.0 |