<p>Bloomberg News Service reported today that Penn’s Director of Admissions, Lee Stetson, expects the percentage of applicants admitted to Penn to drop to 12% from 17% as Penn begins accepting the common application.</p>
<p>In a telephone interview Stetson said, “Penn’s goal is to attract up to 2,000 low-income applicants along with the roughly 21,000 others expected to seek admission for Fall 2007. We’re broadening our market with applicants who thought they couldn’t afford it or thought the application was too tough to complete [and didn’t apply].”</p>
<p>Bloomberg also reported that Columbia will begin accepting the common application, leaving Brown as the only Ivy League school that does not.</p>
<p>yield is how much a school is able to attract the students that it accepted. In other words, if a school is able to attract all of the people who were accepted to actually attend, then that school has a 100% yeild.</p>
<p>Stetson made a prediction when he said 12%. He's not going to know for sure until at least April 2007, when decisions on the last applications are made--excluding the Waitlist. The most accurate way to get an idea of your chances is to assume that your odds of admission are (most likely) no less than 12% and no more than 17.7% (2010's admit rate).</p>
<p>Damn, if that's just the overall University of Pennsylvania, IMAGINE what Wharton's acceptance rate is going to be? Probably in the single digits!</p>
<p>Wharton can quite possibly become the hardest college (even over Harvard) to get into after this admission year is over.</p>
<p>12% is very, very low, and incredibly unlikely. </p>
<p>Penn has a class size around 2500 students, and because they dropped in USNews, it is unlikely the yield will rise any more than it has.</p>
<p>Wharton, because it is so specialized, has a limited market. I would be surprised if it dropped to less than 10%, and considering that Yale was at 8.64% this year... (although that was quite optimistic, of course...)</p>