Harvard, Yale, Princeton and Columbia universities reported record-low freshman admission rates for the 2013-2014 academic year as applications climbed above or held near all-time highs.
Harvard offered seats to 2,029 students, or 5.8 percent of a record 35,023 applicants, the Cambridge, Massachusetts-based school said yesterday in a statement. Yale accepted 6.7 percent, Princeton offered admission to 7.3 percent and Columbia accepted 6.89 percent, the schools said in statements.
Top U.S. colleges that offer generous financial aid are luring record numbers of applicants even as the cost to attend increases faster than the pace of inflation and the number of high school graduates declines. The Common Application, an online form that lets students apply to multiple schools, has helped drive the surge, said Robin Mamlet, former dean of admissions at Stanford University.