<p>Both, I think.</p>
<p>Without the 57 reportedly taken from the waitlist, there would have been, at best, 1,262 matriculants from 1,823 admits, for a yield rate of 69%. (Those waitlist admits helped by coming in, presumably, at a 100% yield rate.)</p>
<p>But since the long-postponed renovation of the “colleges” continues apace, and hundreds more are exiled to “swing space” this fall, the class size - even the target class size, is smaller than it had been in recent years to avoid overcrowding.</p>