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Thanks for the clarification, hobbes. Are you speaking specifically for OHSU or in general? I guess I never was aware of the distinction, as I always thought holds were only given out pre-interview. Thanks
At OHSU, after the interview, your filed is reviewed and you are given a final score (0-10 or something). If you are above their cut-off, you get an acceptance (only a small portion of the class, ~10% [?], gets this). If you are below a certain other threshold, you get rejected. If you are between, you get placed on hold (i.e., "post-interview hold"). As the season progresses, they lower the bar for acceptances, and more people get accepted. Sometime in May, they stop doing this and create a ranked wait list. Most people are placed on hold after their interview.
This is OHSU specific to the best of my knowledge.
This process has been described in more detail and with more accuracy before on SDN. You can try to find the older threads.