If following last year's example, the flurry of activity around May 15th, with some more coming continually through mid-July, and as many as 4 or 5 in the last two weeks as they might scramble to fill some seats. I'm surprised the last information given to us didn't come out and say, "If accepted, will you pony up the cash if your aid package does not have the scholarship component?"
The specter of receiving an aid package consisting entirely of loans for about 70% of those receiving aid will be a bitter pill for many. For all but the most well off, accepted students will be looking at massive debt upon graduation. While this reality will force many accepted students to bail on the offer, some will accept, and the wait list tool will provide the balance that will allow GW to maintain their 2.7% acceptance rate.
No doubt, the allure of DC is strong. I can't remember where I read it, but the attitude towards accumulating substantial debt is quite different between those who are pre-med, and those who are post-med....with the post-med people fully understanding (and lamenting) the harsh reality of paying the cash back with post tax income.
If GW would give me $25K scholarship per year, I would be DC bound in a NY minute. It's not going to happen. I understand most waitlister's receive almost entirely loans. Can't do it.......spoke with too many MD's who regret their debt accumulation.
Yep, it could be worse though.....we could be going to law school.
Accepted, Class of 2017
