I just emailed them thanking them for their time and saying that while
I was impressed with the lab, it wasn't the best fit for me at this
time due to not being able to find a good collaboration on the other
end, or it wasn't quite what I wanted to do, etc. I don't think
there's any need to send a card. I did this for both NIH and
Cambridge prospective mentors. I think the main thing is to tell them
promptly by whatever method - it's not nice to leave them wondering,
"What ever happened to that student?"
Tamara