Once you've been accepted and made the decision to attend a college or university, you will likely have to reserve your place by paying an enrollment deposit. The deposit is a non-refundable payment - meaning you won't get it back - and it confirms you will be there for the fall term and guarantees you a space at the school. Often the money is applied to tuition or other fees that you have to pay anyway.

Enrollment Deposits for many schools are due May 1. Deposits received after the deadline are accepted only if space is available in the freshman class which means you may not be able to enroll in the fall if you do not pay by May 1.

Other schools have what is called "rolling admissions," which means they will continue to accept students until they've filled all available spots. Learn more about rolling admissions on Peterson's College Search. Check with your college to determine what your enrollment deadline is and if you need to send them an enrollment deposit.

Once you've enrolled, take time to plan for your transition from high school to college. Education.com has some helpful things to think about.

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