<p>the_prestige,
The numbers above are real and they do matter. They speak directly to the quality of the student body at Wash U, the nature of the classroom experience that they will enjoy at the college and the resources that the school has to draw on. </p>
<p>I concede that Wash U's yields are comparatively poor and I attribute this to the long histories of the Ivies and their longstanding prominence in the MSM. Most top high school students have heard "Ivy League" all their lives and Wash U may enter their field of view very late in the college search game. I suspect that the yield differentials will narrow over time as Wash U becomes more known among this sect of students, but I would agree that they will have a long way to go to reach comparable yield levels. Still, there are other highly selective colleges that also have lower yields, but this seems not to have hurt them in prestige (not to mention their USNWR PA scores). For example, Johns Hopkins has the same yield as Wash U (32% and I have reason to believe that JHU's is an inflated number) and U Chicago is only slightly higher (34%). </p>
<p>Like it or not, there are many colleges that in the last decade have caught up to or passed the student quality level of the non-HYP Ivies. Unfortunately, many Ivy defenders resist this, thinking that acceptance of colleges like Wash U as peers will somehow diminish the product that the non-HYP Ivies offer to top high school students. </p>
<p>Does saying that Wash U (and many other colleges) is a peer really detract from what the non-HYP Ivies have to offer? IMO, it does not. The world has just gotten bigger, there are many, many thousands of great students coming out of high school today, and there are more great college choices than ever before. As a result, the loss by the Ivy League of monopoly status for top students and prestige was inevitable. The upshot is that elite college aspirants now have more great college choices. This is not automatically a bad thing for the non-HYP Ivies and it is definitely a good thing for high school students and their families, not to mention the ultimate benefit to the entire educational system.</p>