Elite Colleges Reporting Record Lows in Admission
I think the expanded financial aid packages are driving more low and moderate income kids to apply to top schools, which is a great thing (though it's making the process more and more competitive):
The already crazed competition for admission to the nation’s most prestigious universities and colleges became even more intense this year, with many logging record low acceptance rates.
Harvard College, for example, offered admission to only 7.1 percent of the 27,462 high school seniors who applied — or, put another way, it rejected 93 of every 100 applicants, many with extraordinary achievements, like a perfect score on one of the SAT exams. Yale College accepted 8.3 percent of its 22,813 applicants. Both rates were records.
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posted by Whitney Tilson at 8:42 AM
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