What does this mean in Hr language/ non target application

Hi _________

My name is ___________ and I work in Campus Recruiting here at BB FIRM. Thank you so much for your interest in our _________ program! Due to high volume, we are still in the process of reviewing all applications, and hope to provide a more concrete answer by the first quarter of 2015.

Please let me know if you have any further questions, and I hope you have a wonderful winter break.

Best,
________________

Ive been in contact with the MD of the program and three different HR individuals

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