FAQ: Is it okay to send a deposit to two colleges?

The answer is no. In fact colleges ask students to certify a deposit has been rendered to no other school. The consequence of double depositing may be rescinded admission for both schools. 

Also committing to one school frees up space at the other college for waitlisted students. Do the right thing—choose one by May 1^st and let all other schools know your final decision.

Read why wait lists are so long here.