Yes, the deposit, paid by each resident upon the submission of the housing application, is fully refundable after the end of the academic year; if you are not returning to housing for the next semester, (cancellations must be in writing by the deadline specified in your lease agreement) less any amount needed to cover any damages that have occurred or any institutional student account balance. Deposits are also refunded if you cancel your housing application prior to the cancellation deadline of May 31st for the upcoming fall semester or November 30th for the spring semester.  Processing of the refund can take up to one month. If you are returning to housing for the next academic year your deposit will roll over; however, you will be responsible for any damages charges.