Slightly confused about U Chicagos's acceptence rate?

<p>Interesting -- when we visited Reed, they told us retention was 75% -- but I don't know if that was the first-year rate or the six-year.</p>

<p><a href="http://web.reed.edu/ir/cds/cds0607/cdssecb200607.html%5B/url%5D"&gt;http://web.reed.edu/ir/cds/cds0607/cdssecb200607.html&lt;/a> B22 says that first-to-second year retention was 90% last year. Reed has been working hard at improving retention, so it seems to be paying off.</p>