Seems to vary widely from school to school even in the same general demographic or size. And probably varies year to year. It’s really a crapshoot. I got off a wait list at a T10 LAC. To this day I have no idea why. Did they really need another white girl from MA from an ok prep school who needed some financial and could do nothing special, but perhaps act ( read:well rounded)? Purely a miracle some have said.