Hi all, Long-time lurker, first-time poster. I recently applied to the Marymount University DBA program, and received very positive feedback during my admissions interview. I'm really excited about the program and was looking forward to starting in September. I had a call with the admissions advisor this morning, and she said I should be receiving the admission decision within a few weeks. I would then pay a $500 tuition deposit. But, she told me that they have a cap on students for Fall, and there's a possibility I might get waitlisted. They decide who gets in for Fall based on how quickly the student accepts and pays the tuition deposit. She said students who don't get in for Fall would have the tuition deposit put toward their tuition in January. This just doesn't sit right with me. If I put down a deposit on an apartment, the landlord doesn't get to collect 3 other deposits, pick one tenant, and keep everyone else's money in case another apartment opens up later. It sounds almost shady that a university would accept students, have them pay $500, and then tell them to fly a kite for 4 months before they get anything out of that money. Is this a common practice for universities?