Trinity vs UT Austin

I was accepted into UT but waitlisted at Trinity, which really bummed me out. And it looks like my chances for a merit scholarship have dwindled to zero even if I do get accepted. Is UT a better school than Trinity? Should I just forget about it completely and move on?

Better in what way, or are you just joking around??

Better depends on what you are looking for in a school, or in a program. There are many factors and the schools are very different as is every student.