<p>We have carefully reviewed your application to the University of Michigan. At this time, we are unable to offer you a place in the term for which you have applied. Please know that this decision is the result of the competition for spaces rather than a reflection of your ability to succeed in college. It is possible that space may become available after the enrollment deposit deadline of May 1 has passed. If you choose, you may remain on our wait list for available spaces. You may accept or decline our offer to be placed on the wait list by clicking "Respond Now" to complete your decision.</p>
<p>So is that a 'waitlist' or a 'reject'?</p>
<p>I don't see a "Respond Now" button anywhere...</p>