The last hurrah is finally here! After four years of planning and preparation, you've finally hit the milestone of senior year. With this chapter about to close, you'll spend this year looking toward the next chapter of your life: college!

When you apply for colleges, you usually have a pretty good idea of how to respond to a college letter of acceptance or rejection. However, you may find out that your application is "waitlisted." What does that mean for your college plan? Should you be concerned?