<p>"I don't know what kind of financial aid Swat has for waitlists. The question often is not whether your financial aid will be the same if you're accepted off the wait list but whether you will get off the waitlist if you need financial aid."</p>
<p>Since none of them are truly need-blind to begin with (and only a very small fraction even claim to be so - as ID notes, they all do have a budget and they are held accountable for meeting it), I don't see what the big deal is. Some years they end up without the basketball center and need a tall one, other years an extra trombone player. And they don't usually keep tabs on those they are sure will come if accepted off the waitlist - no one tells them that they weren't accepted anywhere else, or only got into their safety school, so it is a very elaborate mating ritual.</p>
<p>Centuries ago, I got in off the waiting list. I don't quite know why. It then came as quite a shock to attend and find that I was academically more capable (or at least my grades said so) than 90% of the rest of the student body. I just hadn't fit into their "plans" the first time around.</p>