Don't get me wrong, I totally agree with you. Some people may have wanted to secure a good pod school, but a few of them may get into MD/DO programs here in May and June as waitlists begin to move. A couple seats at Midwestern pod may open, or they may not.
I was just cautioning you that your #2 choice pod school may not be all too far off from their capacity (and may even still be interviewing and taking deposits since they haven't heard back from acceptees like you), so that's something to be aware of also.
... you would think Midwestern sets the students up to fail. They have actually only lost a couple students completely(for various reasons), the others were sent to the 5 year plan and are still happily attending ...
^I might be in the minority, but I don't think that's a good way to think. This will seem highly pessimistic, but it's important for pre-pods to think about these things and be a bit scared into studying very hard once they begin these challenging programs.
The 5 year track may be the best situation for some students who encounter life's curveballs (pregnancy, serious illness, etc), but as a general rule, students "sent" to the extended program have failed one or more classes and really need to pick up their study habits/ class attendance/ etc. I can't speak for every school's program, but I'd estimate that less than half of students "sent" to the 5yr track will graduate. Sure, many students who go to 5 year track still graduate, but being involuntarily switched over is not typically a good prognostic indicator. With the 5 year plan usually comes strict GPA requirements, loss of the safety net, and a slight disconnection from fellow students.
You also want to be cautious of extended pod programs from the standpoint of residency committee views. Those students have to be ready to explain at the interview why it took them 5 or more years to complete a program which many other graduates complete in 4 years. Be ready to have stellar clinical skills and answer that question to their satisfaction if you want a competitive residency program.
Most of all, from a purely financial standpoint, would you rather be spend an extra year in school and pay another $35k in tuition and housing, or would you rather have an extra year in practice?