<p>Anyone else heard of this? I kow a kid who was waitlisted at a school that told him if he stayed on the waiting list until some date late in the summer and had not been offered admission, then he could go somewhere else and provided he got good grades there, the school where he was waitlisted would guarantee admission as a transfer student for his sophomore year. He said thanks, but no thanks–he had acceptances at schools he like better anyway.</p>