<p>It isn’t that Michigan and UVA have low yields, it’s that Nebraska and Alaska-Fairbanks have unusually high yields. Michigan’s yield in 2010 (for the class of 2014) was 40.6%. UVA was 45.0%. Other top publics: UC-Berkeley 37.9%, UCLA 35.4%, UNC-Chapel Hill, 52.4%, William & Mary 35.1%, Georgia Tech 38.9%.So Michigan and UVA are actually toward the higher end of that group.</p>
<p>Many leading private schools also have yields in that range, some lower: Caltech 36.4%, Chicago 38.1%, Duke 41.7%, Northwestern 33.4%, Johns Hopkins 32.7%, Wash U (WUSTL) 30.9%, Cornell 47.6%, Rice 36.0%, Vanderbilt 40.9%, Emory 30.9%, Georgetown 43.1%, Carnegie Mellon 28.8%, USC 34.1%, Wake Forest 28.8%,Tufts 35.0%.</p>
<p>And remember, most of these privates are actually inflating their yield by filling a significant fraction of their entering class with binding ED applicants, a group from which they get virtually 100% yield. In some cases ED admits make up as much as 40% of their entering class, so their yield on RD admits must be much lower than the “blended” yield figures you see here. Most of the publics don’t use binding ED. Michigan, for example, has non-binding EA; admission through that program is almost an open invitation to the admitted student to shoot for the moon on reaches, secure in the knowledge they’ve got that Michigan offer in their back pocket.</p>
<p>I don’t know much about Alaska-Fairbanks, but Nebraska’s an interesting outlier, with a yield rivaling Harvard’s. I know a few Nebraskans, They all strongly identify with UNL. Its sports team are the only sports teams in the state that just about anyone follows (except a small handful of Creighton basketball fans)–there are no professional sports. And they’re rabid about it. For such a small state in population, it’s nothing short of amazing how they pack the stadium for Cornhuskers home football games–and they travel well, too; there may have been more Cornhuskers fans than Minnesota fans in the stands when Nebraska played at Minnesota this fall. No divided in-state loyalties like Michigan-Michigan State, UVA-Va Tech, Cal-UCLA. And they’re proud of their public university, proud of its land-grant mission, proud they went there, and proud to send their kids there. So why bother to go elsewhere? But that’s the unusual case; very few schools, public or private, have yields anywhere near Nebraska’s.</p>