<p>"At Yale, for example, not only did the overall acceptance rate drop to 8.6% (setting this year's Ivy League low), the number of admitted students also dropped, reflecting a steadily increasing yield over the last few years. Of course, a hike in applications also contributed to the decline in acceptance rate."</p>
<p>But the total number of Ivy places remained the same, or even increased slightly. And for every applicant rejected at one of the schools ED, there was likely 6-10 additional applications, all without a single new applicant.</p>