<p>I recently received the following the email from Michigan:</p>
<p>"The BBA Admissions Committee at the University of Michigans Ross School of Business has conducted a review of your application for Preferred Admission. You are to be commended on your many academic and personal achievements.</p>
<p>We have received over 1,500 applications from outstanding students that are competing to be selected as one of one hundred Preferred Admission students this fall, thus making for an extremely competitive process. At this time your application remains under consideration within our active candidate pool as we continue identifying the top candidates. We do not require any additional information from you. You will receive a final admission decision as soon as possible but no later than April 13."</p>
<p>I'm just wondering what this means and what this says about my chances. Any help would be greatly appreciated.</p>