<p>If graduate school and a PhD is one of the main factors in your choice, take a look at this page: <a href="http://www.oberlin.edu/coladm/after/phds.html%5B/url%5D">http://www.oberlin.edu/coladm/after/phds.html</a>. Oberlin has one of the highest percentages of PhDs amongst its graduates of any other school in the country. Overall, more that Swathmore and it leads other schools in other categories too. </p>
<p>BTW, I may have misread your original post and thought you had been accepted to TT. I agree, do not say anything to Oberlin until you hear from TT and you've decided to go there. The waitlist is an on going process. There are many people who've been accepted at schools, sent in their deposit and are waiting to hear from a waitlist school. They will not get their money back from the first school. This is one place where you should think of yourself first.</p>