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I sure hope so. Based on the 'Waitlist Update' email we received last week, I was definitely under the impression that several individuals would get pulled off. My optimism is fading a bit...
Not to be overly conspiracy theorist, but notice the trend of all of us being CA residents? And the fact that out of state students mean an extra $8k or so in revenue per year for a state school that has experienced budget cuts. It'd be interesting to look at out of state vs. in-state admit stat trends over the course of the financial crisis.