Reenrollment contracts due before decisions from other schools?

[Anonymous]

Our school is also 10%, which is about $3,700. It’s so ridiculous but we won’t know the decision until 3/4. We wrote to the current school for extended deadline but got a firm no.

[Anonymous]

What I don’t understand is why they don’t even let us convert it into a donation. There must be some law, as,
Otherwise, why would they care. But it’s not like we are getting any actual value.

[Anonymous]

It’s payment to hold the spot. A disincentive.

[Anonymous]

Anonymous wrote:What I don’t understand is why they don’t even let us convert it into a donation. There must be some law, as,
Otherwise, why would they care. But it’s not like we are getting any actual value.

You ARE receiving something of value in exchange for your deposit — a spot for your child. This means the IRS does not allow it to be converted to a gift. It’s not the school’s decision, it’s the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What I don’t understand is why they don’t even let us convert it into a donation. There must be some law, as,
Otherwise, why would they care. But it’s not like we are getting any actual value.

You ARE receiving something of value in exchange for your deposit — a spot for your child. This means the IRS does not allow it to be converted to a gift. It’s not the school’s decision, it’s the law.

Exactly. Beyond that, it is credited to your tuition payment if you actually re-enroll. Why is this so hard?