*When you submit your application you become a "Prospect." When USAFA processes your application you become an "Applicant." Should USAFA deem you competitive and/or you receive a nomination, you will become a "Candidate." Note that you may receive a nomination and still not be deemed competitive by USAFA.
That is the fine print found in the bottom of the Application Status Block.
It think means you have a ticket to the ball but actually getting in/being offered an appointment is a another story. The admissions board will evaluate all candidates and select who they need based on a whole person concept. Good luck.