Reply to NCS contract this year--the deposit is now $5K?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]From what I can tell, the $5K deposit is non-refundable if you sign by tomorrow but walk away by June?  
This is new this year (?)  Used to be $1k? 
This is our first renewal. 
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I just looked. I think it is for 2025-2026 school year? Nonetheless it is a smart approach. There are many on the waitlist and people need to commit or not if they are not returning. [/quote]

OP here.  Yes, I think it's new for 2024-2025 (but applies to all students). 
Once you sign the contract you are in for $5K (non-refundable).

It will be interesting to see how this plays out for them. 
Anyone waiting to hear from Walls or Thomas Jefferson or Blair or boarding schools will be out the $5K. [/quote]

Not a huge deal for anyone in this NCS "pool".

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Assuming NCS doesn’t have families for whom this would be a significant amount to lose.

Or they just dgaf about the few such families they do have.

A good look either way. 
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You have no idea what you’re talking about. Financial aid recipients’ deposit amount is adjusted accordingly. Why do you insist on trolling on the private school forum if you have no idea about what is being discussed?[/quote]

NCS gives aid to less than 20% of the student body and the income cut-off is super low.

Most of kids who arrive from public for 9th grade (and who might also be considering magnets) are above the aid cut-off.  I know because this is us and it's the niche NCS world that I know best. 
We're not getting aid but we're not making enough where we can walk away from $5K without a second thought.  Yes, if my kid was "on the fence" about high school options and it cost us $5K to even have the NCS option we'd walk first 
and take our chances with Walls or TJ or whatever our other options were.

Please don't tell me I don't know what I'm talking about.  Yes, my demographic is small but ironically we are responsible for some of the most academically successful NCS grads.  Generally it's not the monied lifers that are at the top of the class and frankly it's not often the aid kids either.  It's often the super smart kids who come in from Loudoun or whatnot and arrive in 9th.  [/quote]

[b]If you sign a contract you should honor the contract that is a life lesson that you should teach your children. There’s nothing fair about signing a contract with the intent of not following through with it[/b].[/quote]

Well, the issue is that families don't even know all their options prior to having to sign this contract.
As such I would not feel badly about walking away--and walking away from a deposit has been something that is common practice for decades in the DMV. 
Families hear from charters, publics, magnets, privates, Catholics and boarding schools on different timelines and sometimes have to lose deposits.

NCS is forcing their hand of anyone who is not wealthy before they even have all of the choices.   Only the wealthy get the time to decide. [/quote]

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