Can financial aid/scholarships change after waitlist movement?

[Okazaki Frag Grenade]

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Let's say there are 10 people who had scholarships to a certain school. If they all end up withdrawing, what happens to that money? Can it be re-distributed to others who are planning on attending?

 

[justadream]

Depends on the school.

I know that many schools give out scholarships like how they give out acceptances - they account for the approximate yield when the acceptances/scholarships are handed out.

So if a school has 10 full-tuition scholarships to give out and it knows that in the past roughly 50% of the people offered the scholarship actually come, then the school might initially give out 15 or so. So of the 15 people offered, maybe 7-8 will come. The remaining 2-3 would be given out later.

 

[The Knife & Gun Club]

I remember one school I interviewed at had 4 full tuition scholarships to give out every year. They would notify the 12 or so finalists that they were being considered, and then ask them to sign an agreement saying that, if granted the scholarship, they agree to attend. (Alternatively they could withdraw from consideration and keep their options open)

Not sure how they would actually enforce that though...

 

[bearintraining]

I remember one school I interviewed at had 4 full tuition scholarships to give out every year. They would notify the 12 or so finalists that they were being considered, and then ask them to sign an agreement saying that, if granted the scholarship, they agree to attend. (Alternatively they could withdraw from consideration and keep their options open)

Not sure how they would actually enforce that though...

I believe this came up in a previous discussion and the conclusion was that it isn't enforceable.

 

[gyngyn]

I remember one school I interviewed at had 4 full tuition scholarships to give out every year. They would notify the 12 or so finalists that they were being considered, and then ask them to sign an agreement saying that, if granted the scholarship, they agree to attend. (Alternatively they could withdraw from consideration and keep their options open)

Not sure how they would actually enforce that though...

This would violate AAMC standards and should be reported.