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the fact that they accepted 300 extra students is bad news.
there is no question the yield is going to be lower, but those 300 students are basically ahead of those on the waitlist. Plus with 700 students on the waitlist, that is large number.
it appears the admission staff used these 300 as a reserve and try to predict the lower yield. I am not sure how many were taken off the waitlist last year, but i would think it would be at most the same or less.
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