OK, so when a school puts you on a waiting list or an alternate list, really... what are the chances of you getting accepted if you have borderline stats? The waiting game is just so tiring!
I think it really just depends on the school and all the different variables. For instance, I'm on Creighton's "alternate" list which means I didn't even get an interview. Which means I'm below all the people that did get an interview. So basically I have no chance there, since they would go through all of the people they interviewed first, before they start in on the alternates.
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