I also didn't get any merit aid for CCA, and am not expecting any financial aid. I really, really, really, would love to attend. However, when I think about how much money $80,000 is - enough to buy a house in many places - it's difficult to justify paying or taking out massive loans when I could wait and apply again. I mean, $80,000 buys a lot of art supplies - and depending on the price and your age, a lifetime of studio rent. I'm in it for the long run. I want to make choices that optimize my drive and ability to devote time to making art. I think the loans would hold me back.
My plan for the next year? Make lots of art. Go to lots of openings and artist lectures. Basically pretend I'm in grad school, but with a part-time job, and less debt. Then, apply widely next year - wiser and a stronger candidate.