"This has been a record year for college applications and, hence, a
banner year as well for rejections. Admission rates are down at Yale
and Princeton, and Harvard took in the lowest percentage of applicants
in the school's history.
But it's not just the Ivy League
schools that are sending out more bad news. At the University of
Chicago, for instance, 3,460 of 12,400 applicants were accepted (with
another 1,500 put on a waiting list). That 27 percent acceptance rate
is down 4 points in just one year and translates into 7,440 rejection
letters.
Rejected
A demographic spike has made this year's college applicant pool one of the most competitive in history, as high school seniors see their hopes and dreams dashed in record numbers. However, with the number of college applications expected to dramatically decrease over the next five years, selective schools need to snag high quality students while the getting is stil good.