Congrats to everyone selected as a finalist! I'm an alternate for Korean (same as you, @Ganny!) at the Intermediate level.
It's been interesting reading what you all have heard about how alternates are moved up off the waitlist. To be honest, though, I don't have much hope. I was a finalist last year for Advanced Mandarin in Tainan, Taiwan, so I'm thinking that might have counted against me. I can definitely understand prioritizing candidates that haven't received a scholarship before, but I went in thinking that perhaps applying for a different language would mitigate that factor somewhat.
I'm also under consideration for a Fulbright to China this year - @hobakie, you mentioned that you expected your result in part because you're applying for Fulbright. I'm curious whether being under consideration for multiple Department of State grants likely does affect CLS decisions? I hadn't considered that before, but I suppose it would make some sense if they know that dates for the mandatory Fulbright PDO or Mandarin CLEA grant programs would conflict with CLS and there's a chance people who receive both would decline CLS anyway.
@ImagineHagens, in answer to your question, the CLS Chinese students at the Taiwan program site last year received a $960 stipend. I think we had an unusually generous amount though, and from what I heard, that's more than the stipends for students at Mainland China sites. Food and transportation is really all I spent money on in Taiwan and both are cheap, so I think I only spent ~$300 of that money over the summer. Other students put their stipends towards travel, which we actually had 2 completely free weekends for as far as I remember. My guess is that since Taiwan was a new program site in 2016, CLS just overbudgeted how much they thought we'd realistically need to cover essentials, and they might lower the stipend this year.