<p>If U of M decides to take students off the waitlist this year, and those students accept the offer to enroll at U of M, how does this work in terms of financial aid, housing, scheduling, etc (assuming one is isn't taken off the waitlist until like mid-May through mid-June). Do you basically have to accept the fact that you will be on North Campus, have to take classes at 8 AM on Friday with a bad teacher?</p>