Applying late- Major disadvantage or no?

<p>I know some people who are just now submitting their applications. One of my friends just submitted her app to U of M and MSU. Is it much more likely for her to get wait listed because of this? Or even rejected? She's a phenomenal student, and taking the hardest curriculum our school offers (IB Diploma Program). She also manages to get all A's. I know that she COULD get in to both, but because she is applying so late, is it more likely for her to get wait listed and maybe rejected?</p>