Obviously, there still is hope.
This is from the UCLA Regents Scholarship website:
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300-350 transfer students are invited to compete for the Regents scholarship each year and have, historically, maintained a cumulative 4.0 GPA at their prior colleges
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And this year, 14,982 transfer students applied to UCLA; and through some basic calculations, only 2-2.3% of applicants were offered the scholarship.
UCLA admits, on average, ~22% of transfer applicants; that leaves 20% of the applicant pool as a posteriori admits.