<p>I made my deposit and accepted financial aid at one grad school, but just found out I'm in from the waitlist at another school. Is the offer of financial aid I accepted at the first school binding? Is there any way I can back out and go to the waitlist school? I just want to know my options...</p>
<p>you just lose your deposit at the first school. Unless you are in a really well funded PhD program if you doing a masters program,a considerable portion of your financial aid is going to be in the form of loans so you will have to choose how much debt you want to take on</p>