If you’re a high school senior considering applying to some of the top schools in the country – MIT, Harvard, Howard, etc. – you may have a better chance of getting in than your peers did last year: According to Bloomberg reports, elite schools across the country are experiencing a slowdown or drop in applications for freshman admission after years of record increases.
Has attending the Ivies become passé? Not likely but there are a number of factors that probably played a role in the decrease, like the adoption of the Common Application, which made it easier for students to apply to multiple schools. Both Harvard and Princeton reinstated early admission policies and then there’s the stagnant economy. So while your chances of getting behind those ivy gates are slightly better, paying back huge tuition bills is a major aspect to consider. Take for instance Columbia’s $59,208 tuition; in this economic climate, students may feel that just too expensive and are opting for more reasonable choices. (For more on this story, click here.)
Does this information have you reevaluating where you’ll apply? Let us know in the comments section.