Here are some options. Forgive my brevity, but I'm tired of people simply asserting that there's no way of managing nuclear waste.

* Throw it away. Deep-sea subduction zones work nicely for this. Tremendously wasteful, though; that "waste" is valuable fuel.

* Recycle the waste to decrease its volume. This isn't a full solution, but it makes the waste cheaper to store for a while.

* Store the waste for a while, and later we can use it in breeder reactors or fusion/fission hybrids. There's so much useful U-238 in that slightly-used fuel. After this, the waste is pretty much dead.