ok, being on the waitlist is not bad at all actually it could be impressive idk, given some other qualified people got rejections. On the other hand, if you have other admission from schools like, NYU, Chicago, Columbia, Cornell, MIT, etc I would personally just go for a firm offer, because waitlist isn't guaranteed, and what happens when they get back to you 7 months from now? Don't you heave a deadline to accept outstanding offers?
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