<p>It’s doubtful that Chicago’s acceptance rate would change that much if it did ED rather than EA. </p>
<p>Remember, with ED, the school gets 100% yield, which greatly reduces the number of acceptances the school needs to send out.</p>
<p>So, instead of needing to send out ~3400 acceptances for a class of ~1400, with ED (and taking about 40-45% of the class ED), Chicago would only need to accept around ~2500 students to get a class of ~1400. </p>
<p>This year, Chicago will probably receive around 25,000-27,000 apps, will accept around 3400 students, and should have about a 12-14% accept rate overall. </p>
<p>If Chicago went ED, and received only 19,000-20,000 apps (a significant drop), but only accepted ~2500 students, its accept rate would remain in the 12-14% range, and the yield would increase significantly. </p>
<p>Ultimately, there would be no real change in the accept rate, and the rate might even be lower if UChicago instituted an ED policy.</p>
<p>A big reason as to why UChicago should NOT adopt an ED policy, though, is an EA policy insures more diversity in the applicant pool. The pre-business gurus intent on Wharton, the prepsters intent on Dartmouth or Williams, the brilliant scientists intent on MIT, etc. all apply to Chicago, and some of the students who don’t quite make the cut at Wharton or MIT or whatever come to Chicago, and they never would have applied if Chicago was ED.</p>
<p>Put another way, if Chicago went ED, most likely the really wonky cerebral kids would apply ED, and Chicago would lose out on the chance to get at least some of the prepsters, future ibankers, etc. that would never apply to Chicago ED. </p>
<p>Put yet another way, I’m quite happy with Chicago taking some of the “scraps” from Wharton or MIT at this point. Chicago’s been the destination for a lot of nerds and Marx-quoting hippies for a long time. That’s all well and good, but infusing the student body with some more diversity is in Chicago’s interests right now. Keeping an open EA policy helps that.</p>
<p>Maybe years from now, when Chicago has cemented its place as a premier university not just for academics, but for preparing leaders in ANY venture, Chicago can change their policy. For now, as the “new” chicago is still emerging, the current policy seems sound.</p>