cappucino

Was anyone else accepted to a PhD program but put on the wait list for a first-year fellowship? Indiana U Bloomington did this and I found it odd considering they did offer me five years of full funding plus a $15K+ stipend starting the second year. I want to look into the program, but unless I get that first year fellowship, I'm not sure I'm prepared to take out another loan. I was accepted to an MA program with full funding and am still holding out hope for at least one more PhD program. Does anyone know of other schools that do it this way? Is it worth it to take out a loan or would it be better to go with the funded MA program and try and get into an even better funded school once I improve my research interests and such?

This could not be more true for me. I just got my first acceptance to English PhD school a matter of minutes ago, but I also recieved a job offer for next year if I want to take it. My 3 year relationship is also on hold waiting to see if it will be plausible for us to live near each other. Agh I just want to hear from all these schools asap!