It's such a cliché: "Thanks but, no thanks." Four simple words.
The fact is, we do thank those who were not selected, and what's more we salute them for taking the chance in the first place. Unlike actors who can always hide behind the lines that they did not write, filmmakers take a huge personal risk by asking others to view and (in this case) judge their work, their vision, and really, themselves. The willingness to put themselves out there is what separates them from the great majority of their peers. How can you not applaud and respect that? Hopefully, rather than be discouraged they will work even harder to achieve their dreams. The ultimate goal of this festival is to honor all those who did take that chance, and ultimately encourage every student filmmaker to continue their reach for perfection.