Are there financial aid implications if I stay on the admissions “wait list”?
If you need a substantial amount of aid, the wait list is not where you want to be. By the time you are accepted, the college may claim that this year’s financial aid money is already committed to others. So you may find that you are admitted eventually, but the pool of financial aid has dried up. If you require only a small amount of aid, there is probably enough public money to cover your need. You may be able to get the college to commit to meeting your future need for aid, even though this year they have a shortfall; ask the college to provide a preview of what you can expect a year from now. You’ll have to take their answer on faith.
Financial Aid Topics