<p>My school uses the terms "realistic challenge", "50-50" and "likely". Basically, a "realistic challenge" is a reach school, but not one that is totally out of the question, a "50-50" is like a match (you basically have the stats for the school, but it could potentially go either way) and "likely" is basically a safety (you are basically in here, but they can't make any guarantees).</p>