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<p>Senior standing refers to your class standing at the time of transfer, not at the time of application. It means that if you’re applying after finishing your freshman year, you are applying as a junior transfer, because you will finish your second year at your current school before you transfer out to another school. If you already finished your second year, in most cases, it is too late to apply, unless you are applying for admission in the same year (for example, you file your transfer application in March 09 for transfer in Fall 09), which will allow you to transfer into the junior class.</p>
<p>Below is an excerpt from Yale College FAQ. Other schools have similar rules. Watch out for the language in bold.</p>
<p>If you have received a bachelor’s degree (or the equivalent) or if by the end of the current academic year you will have completed more than two full years toward the degree, you are not eligible to transfer to Yale, nor may you apply through the freshman admission process. (You may not voluntarily relinquish credits in order to qualify for consideration.)</p>
<p>Source: <a href=“http://www.yale.edu/admit/other/transfer/who.html[/url]”>http://www.yale.edu/admit/other/transfer/who.html</a></p>