I wasn't worried about the money; you put it better than I did. I'm concerned that he might not get in, and he'll end up being disappointed. But there are other, similar programs, and even if Max doesn't make the cut, he can always try again next year.
I'll check the website again, to see if it says anything, but I also sent them an inquiring email. Still waiting to hear back.
I explained to Max that even if he auditions, there's no guarantee that he'll be accepted. He just looked me in the eye, very seriously, and said, "Trying and failing is better than not trying at all." That was all the convincing I needed.
So, I talked about it with Morgan. Money isn't an issue for us; if the SI program says yes and agrees to have him, we'll allow Max to participate. He is currently down in the studio, working on an audition video. I suggested that he make several videos, and send them to multiple SI programs, as if he were applying to colleges.