The frustration of mile-long college admissions waiting lists

Just let us know already

New York Times writers Jacques Steinberg and Eric Platt on the “bewilderment” that huge admissions waiting lists inspire:

How can a college … possibly explain to an applicant that Carnegie Mellon in Pittsburgh has offered 5,025 students places on its waiting list this year, for a freshman class that will likely be less than a third that size, or that the number of applicants extended similar invitations at Cornell (2,988) is nearly equal to the number of students in the current freshman class (3,179)?