I just got waitlisted at U of Mich, and since it's probably unlikely that I will get in, I'm wondering if it would be better (for a future cycle) if I withdrew my candidacy. In other words, if I applied again to U of Mich, would it look better on my application if they knew that I withdrew my WL rather than being ultimately rejected?
FWIW, the U of Michigan waitlist letter is the most flattering of the WLs I've received (I've also received WLs from Vanderbilt and American).