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I went to a couple of admissions seminars. They don't say that they'll admit 50%, but last year ~500 applied for the spring, and ~250 got in. And they give a range of 610-700 for the top 80%, with the mean being 650.

I don't see a problem entering in the spring. If you're not full time, who cares? They break you into "core groups" in spring and fall the same way.
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