I wonder if it is worth it though. I mean, you likely won't get much in free financial aid. For most schools the scholarship money is gone and although they do get some of it "back" because other first choice students decline to go there, the schools don't seem to reallocate those funds to the rest of the entering class. So if you have a scholarship to a tier 2 school now, and you (like me) are hoping to get into a tier 1 school, it will be at full price. Of course, if that t1 school is in the top 20, then it is probably worth it, but sometimes, I imagine it would be better in the long run to go to a tier 2 with the scholarship than the tier 1. In my case, I am considering between two tier 2's in chicago (kent and depaul) over a former tier 1 (cincinnati) and any other tier 1's that decide to accept me.