Excerpt of Letter from the Cadre at a school on DS list:
The fourth round of scholarship selections is being wrapped up at Cadet Command. If selected for a scholarship, you should receive a letter from Cadet Command very shortly containing your official offer. If you don't get a letter in the next two weeks, it means your application will be looked at in the next selection round, in April.
The offer letter you may get will give you the choice of up to three schools to use your scholarship at -- I'm hoping you'll pick the University of Oklahoma! This year we had 35 new freshmen enter ROTC, bringing out battalion size to 119 cadets. Based on the academic, athletic, and other qualifications of yourself and the other scholarship applicants, I'm confident that next year's freshman class will be at least as strong.
In short do not despair the waiting is agonizing but so is making the right choice in the end....