I got an email from Indiana University HPS today saying that my MA application "reads more like an application for a PhD", and asked whether or not I would like to submit it as a PhD app. Then it says "If the MA is all you want, that's fine. We will be happy to admit you for that, but we won't be able to offer you any funding."
Should I be excited about this, or is the "we will be happy to admit you for that" line just a hypothetical?