Common use of Room Reservation and Deposit Clause in Contracts

Room Reservation and Deposit. (1) Full-time undergraduate day students entering the college will be required to pay a $300 enrollment deposit to reserve their space in the incoming class. No deposit will be refunded after May 1. All students deposited by May 1 will be guaranteed campus housing pending space limitations. Students must have all required paperwork (including requests to live off campus) submitted 2 weeks before their scheduled Summer Orientation. Of this $300 enrollment deposit, $100 covers a residence hall damage deposit that may be refundable at the time that the student either graduates or receives permission to live off campus (less any assessed fees due to damages). The remaining $200 is used by the College to cover many of the services provided during the first year. (2) The $100 reservation/damage deposit is refundable, provided there are no damage charges and the student's account is cleared upon one of the following conditions: (a) Change of status from resident student to commuter student. (b) Formal withdrawal--A student withdrawing from the College must vacate his/her room within 24 hours and have the room inspected by the Resident Advisor, housing staff, and the maintenance staff.

Room Reservation and Deposit. (1) Full-time undergraduate day students entering the college will be required to pay a $300 enrollment deposit to reserve their space in the incoming class. No deposit will be refunded after May 1. All students deposited by May 1 will be guaranteed campus housing pending space limitations. Students must have all required paperwork (including requests to live off campus) submitted returned 2 weeks before their scheduled Summer Orientation. Of this $300 enrollment deposit, $100 covers a residence hall damage deposit that may be refundable at the time that the student either graduates or receives permission to live off campus (less any assessed fees due to damages). The remaining $200 is used by the College to cover many of the services provided during the first year. (2) The $100 reservation/damage deposit is refundable, provided there are no damage charges and the student's account is cleared upon one of the following conditions: (a) Change of status from resident student to commuter student. (b) Formal withdrawal--A student withdrawing from the College must vacate his/her room within 24 hours and have the room inspected by the Resident Advisor, housing staff, and the maintenance staff.