Accepting Financial Aid

[LuciusVorenus]

Advertisement - Members don't see this ad

Now that financial aid is out for schools I was wondering what the rules are regarding when to accept them. Does accepting the financial aid award from a certain school mean we are committing ourselves to that school? What happens if you're still on wait lists?

 

[gyngyn]

Now that financial aid is out for schools I was wondering what the rules are regarding when to accept them. Does accepting the financial aid award from a certain school mean we are committing ourselves to that school? What happens if you're still on wait lists?

You have until May 15th to make a decision on acceptances you now hold. This includes financial aid offers. You may accept a waitlist position after that without penalty (unless you paid a nonrefundable deposit).

 

[LuciusVorenus]

You have until May 15th to make a decision on acceptances you now hold. This includes financial aid offers. You may accept a waitlist position after that without penalty (unless you paid a nonrefundable deposit).

Thank you! I guess my main concern is accepting a financial aid award before the May 15th deadline, then getting accepted off a wait list after May 15th. Can I withdraw from the first school for the new school even if I accepted their financial aid offer?

 

[gyngyn]

Thank you! I guess my main concern is accepting a financial aid award before the May 15th deadline, then getting accepted off a wait list after May 15th. Can I withdraw from the first school for the new school even if I accepted their financial aid offer?

Absolutely.

 

[gyngyn]

if I am not mistaken, as long as you havent formally matriculated in classes as school A (ie actually started orientation) you can accept a waitlist at school B.

We can't take a matriculant after orientation starts without breaking a traffic rule. Maybe two if you count the advance notification rule that we would also have to break!

 

[sazerac]

Nothing is set in stone until medical school orientation. That's why us medical students get our feathers so ruffled when pre-meds claim to be "MS-0" or "pre-matriculated med student" or other stuff.

You are still a pre-med, with all the rights and privileges such as switching medical schools if a better offer comes up, until med school orientation and then you really are a committed medical student.