First, my condolences to those with bizarre MA offers and outright rejections. I'm currently batting 1/11, with a lifetime average of 2/25 in literature, so I know the frustrations common to this process.
However, I wanted to get this thread going again for those (including myself) who have been admitted for the fall PhD program but are still vacillating on accepting the offer. I'm not waiting to cause undue distress on the waitlist, believe me. Unfortunately, it has more to do with the lack of information contained in the acceptance letter, particularly with regards to funding. Does anyone know how Loyola's funding package works for incoming applicants with MA's? Their website has some scattered details, but I've read that it may be out of date, especially in terms of the amounts listed. In any event, these details do not add up to anything specific - it simply says that there are a number of assistantships available.
Further study in the field is my dream, and Loyola has a mind-blowing faculty for my research interests. Plus, I won't have to move. However, precarious funding kills it for me and opens the way to library science, where I have offers pending. At least debts accrued in that discipline will resolve themselves into some form of employment that is financially stable, involved with books, and not customer-service or law orientated.
Best of luck to all of you.