@Beyondhope
“I think it truly comes down to having more kids that are highly qualified than they can accept”
Obviously, this is the central problem, but trying to make sense of how the different schools handle their embarrassment of riches (top students who want to go there) is a fool’s errand.
However, as @brantly has insightfully observed, College Admissions is a business, and like it or not the USNWR rankings matter to both the colleges and their consumers. This means issues that impact rankings, such as yield (the % of those admitted who matriculate) and the academic stats of the admitted class really matter.
With that said, the waitlist (WL) and guaranteed transfer (GT) serve different, almost unrelated purposes.
For example, the WL can be used for RD applicants whose applications look so good, one might guess they are top HYPS candidates. Cornell may not want to use a place in the incoming class for someone who may quickly turn them down in favor of Stanford (or others). If one of this type of WL recipients writes a love letter to Admissions in early April, their chances increase. The WL can be a wonderful yield management tool for an admissions office. Locking in yield is why so many schools are filling a growing percentage of their incoming classes using ED.
The WL can also inspire families of development/legacy candidates to show how much they care.
If you do not think these are valid WL considerations, you are being naïve.
At the same time, GT can be a completely different animal.
In many of these cases, admissions may have some question about the overall maturity of the candidate, or their ability to handle the academic load in a more independent environment (1st time living away from home).
Rather than give up a coveted spot to someone who may not yet be ready for college, or whose stats are quickly improving, but aren’t quite Ivy level, why not give the applicant one more year to prove themselves (on someone else’s dime)? From Cornell’s perspective, there is always some “melt” sophomore year (kids taking a year off or abroad) so they always have some capacity to add sophomores which helps to keep their revenues predictable/stable.
Personally, I feel the WL and GT options are wonderful options for those who want to keep their Cornell admissions dreams alive. Kids do get in with both programs every year. However, if you feel your son is being exploited, perhaps the glass is half empty for you.
Anyway, I think you may be thinking about the admissions process too linearly, and posting the same question on multiple Cornell threads may not inspire a lot sympathy for your situation. As this is the Cornell ED discussion thread, is this the best place for you to rant?