What will always ultimately matter is the yield (size) and quality of the enrolled freshman class. A rise in applications is certainly a good indicator that the class might improve, but it's not definitive.
Agree more applications are not definitive but its continuing on the upward trajectory of 2021, 2022 and 2023 compared with the 2020 projections of soon having only 12,500 undergraduates in Athens. Athens campus is on track to be back to 16,000 undergraduates within a year or two from the 14,350 that its currently.