If you are waitlisted, does the grades you receive in the Spring 2016 semester affect your final admission decision?
It means that they’ll only consider you if they have space. Schools over-admit. If they have a target of 500 transfers, they may make 1000 offers if they feel that they will get 500 SIRs from that group. But let’s say they fall short and only get 450 SIRs, then they can go to the wait list to get those 50 additional people to fill out their class and meet their target.