Penn received a record high 40,394 applications for the Class of 2021

I’m not so sure that Penn is considering any significant increase in the size of its class. If you’re basing that on the DP article that appeared a week ago (http://www.thedp.com/article/2017/01/penn-freshman-class-size-stable), my impression was that the DP was merely speculating about that possibility with the addition of student housing space on campus, and that Dean Furda was just answering that speculation in his comments to the DP. My guess is that Penn would rather bring more students back on campus for their housing after freshman year, than significantly expand the size of the student body. I think that’s why the New College House is now intended to be a 4-year college house, or something close to that. Of course, I could be wrong about that (wouldn’t be the first time).