Normally, being placed on the waiting list of your top school is a disappointment. Typically, only about 15% of waitlisted students make it off of the waiting list into the incoming class at highly selective schools.
This year could be different, though. The bad economy is causing more students to turn down admissions offers from pricier, selective schools, creating opportunities for those students on the waiting list to get in. Even Harvard took 200 students from their waiting list last year!
So, if you are placed on the waiting list, don't give up. If you can follow up and convince the Admissions Office at your preferred school that they really are your #1 choice, you just may stand a chance this year.
Good luck!
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