<p>Is it true that if you get off the waitlist, you will receive very little financial aid? I would love to attend BC if I got in but if I couldn’t finance it then I don’t know what I would do…</p>
<p>Dear SBtester : BC is committed to meeting 100% of demonstrated need - waitlist or not. Now, there are some that do not believe BC is sufficiently generous with their aid money which is fine, but coming back on point, the waitlist does not change your standing.</p>
<p>Thanks so much! That makes me feel a lot better about my situation.</p>
<p>Because schools now find themselves giving out all of their remaining financial aid in the regular decision round, college guidance counselors are cautioning students that it has become extremely difficult to get off the Wait List, if you need substantial aid. It was not always so, but it has apparently become the practical reality over the last few years.</p>
<p>OP:</p>
<p>Good luck. But check your letter. Last year it said that any financial aid for wait listees would be based on “availability” (whatever that meant).</p>
<p>The waitlist letter said that funds and housing would be based on availability, which means I probably cant attend even if admitted.</p>
<p>Versii:</p>
<p>If BC is still high on your list, definitely work the WL. You will never know how much “availability” there is remaining until they make you an offer. Good luck.</p>
<p>Thanks bluebayou, I joined the waiting list the day I got the letter. I sent a letter of interest to my counselor, although that was before I received my acceptance and great fin aid package from BU. Both schools are rivals, and I will lose out on my $650 deposit on BU, which sucks. We’ll see what happens, though I doubt the ‘available’ aid will outmatch my BU aid and deposit money…</p>
<p>In the world of finance, your deposit is what is termed “sunk cost”, i.e., it should not factor into your four year decision. :)</p>