<p>If anything has changed since i start in 2005 with S1, it’s cost and merit…it is my opinion that merit is decreasing --a $10-$15,000 discount is good…there were lots and lots of $20-25,000 merit awards anecdotally floating around in 2005-2008 it felt like – and costs have gone up. I am not convinced that the acceptances rates have changed all that much except that more kids apply to more schools so school accept more students ergo the percentage accepted looks smaller. If you look at yields plus the changes in stats they seem only perceptibly influenced once all the outliers are rejected or decline admission. Perhaps the adage that kids end up where they belong makes more sense.</p>