Waitlists are longer than ever this cycle, and Ethan and Alex explain exactly why, from yield protection to the new reality of private loan financing. Ethan, who got off the Yale Law School waitlist himself, shares a practical step-by-step guide to writing a Letter of Continued Interest that actually works: what to say, what's too long, how to add new information without contradicting your original application, and why honesty is always the right strategy. Whether you're on a waitlist right now or planning ahead for next cycle, this one's worth a listen.