v1468k:
Q: Is this a standard reply?
A: I wouldn't say it's "standard" but it's fairly generalized. Each school uses its own language. This seems like the one that Foster employs.
Q: Should i be hopeful? I am waiting for their decision to finalize my admission and depositing my payment. It has been a month since i heard from the adcom now and the last date for paying the deposit is feb 24.
A: They are probably waiting to see if anyone who received scholarship money does not end up attending or if additional funding somehow comes their way. Also, just because the deposit is due on February 24th, does not mean you can't be given more money between now and then or even after. In fact, one would argue you're more likely to get it near or after the deadline if your potential scholarship would arrive because someone else turned their acceptance down.
Q: What should i do?
A: Nothing with Foster. If scholarship money is important, you need to look at outside or third party scholarships. There are many out there as long as you look hard and make sure you meet deadlines, which tend to sneak up on people.
Good luck!