Just wanted to write in with an update with as much as I know about the process!
1) The admissions committee doesn't have any more meetings regarding direct admissions offers, meaning that acceptances from here will likely come from the waitlist (but disclaimer is that anything can happen at any point in the process ofc!!).
There is a waitlist, and the "top of the waitlist" distinction is meaningful, meaning that those with that distinction are most likely to get off the waitlist. If you didn't get this distinction, you can totally still get accepted as well. It all depends on how many people accept their original offers, as you know, so it isn't the kind of thing you can predict super well.
2) I'm sorry financial aid has been so frustrating this year for you all. I am passing along this frustration to the committee to see if there's anything they can do to improve the process.
Waitlist applicants can still get merit and need-based aid. I myself was accepted off the waitlist and received a scholarship for full tuition (not the Geffen)!
Let me know if there's any other questions I can try to answer!