Accepted into Pharmacy School but charged with a felony. Where do I go from here?

I did something really stupid. I had my first court date today and got formally charged with a felony. It's not for something violent, sexual, theft, or drug related but still a felony. My lawyer says it will most likely be reduced to a misdemeanor in the end. The school I was accepted to will send out request for a background check in a couple weeks. Am I completely screwed for life?
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Source Type: forums