When I was accepted a few years ago this was an option. But, I don't know how long of an extension that people received (I never paid my deposit and thus forfeited my position in the class.
I was, and still am, pissed about how this school treats their prospective students. For me, I didn't apply EDP and I was interviewed in the beginning of September. After receiving an acceptance 4 days later, they wanted me to pony up $2000 by Dec 15th, and another $1000 by March 15th. This was before I had even heard from other schools where I was interviewing.
Oh well, I let the Dean know how I felt.. and it seems as if nothing has changed.
GL!
PS. I know a 2nd year that is there right now and is doing great. She seems very happy with her school.