Usually wait list movement does not happen till after the contracts are due back to schools. So as the person stated above, you would lose a deposit if you decide to accept another offer.

It could happen. Check the binding date on your contract before you sign. Until that date you will only lose the $1000 or so deposit if you switch. After that you'll be on the hook for a year's tuition. You could look into tuition insurance, but that generally only kicks in after your child has attended the original school for a couple of weeks and may not cover all possible causes of a move.

So, if contracts for schools are due in late March, how does the waitlist work. When do people learn whether or not they are in off the waitlist. I don't want to sign a contract for one school and then get in off the waitlist and lose money to switch.