What does a "deferred consideration" at Drexel mean?

Okay, so after staring at my letter for a while and doing some searching on SDN (I haven't been able to find anyone in this current/past threads that have gotten this status), I'm a little more confused. I'm wondering if anyone can enlighten me a little bit about what exactly my status is right now. My letter from Drexel says that "Although impressed with your credentials, the Committee has elected to defer consideration at this time." It goes on to say that my file's being placed on an alternate list to be further compared to the applicant pool. They had me indicate whether or not I agreed to be put on a temporary alternate list and it says they'll let me know when a final decision has been made.

I'm confused as to whether or not this is the same thing as being waitlisted or whether this just means they're essentially taking a little longer to decide on me. Should I basically consider this as a rejection or is there still any hope? I'm going to mail my letter out tomorrow and indicate that I'd like to be placed on the alternate list, but I'm still a bit confused as to what exactly that entails. If any current students or applicants know about what this means, I'd be really appreciative if you could let me know! I may try emailing them or calling them tomorrow to get a little bit more information about this.

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What does a "deferred consideration" at Drexel mean?