re: admittance rate trends.
Low admittance rate is a plus for most college rankings so institutions are incentivized to engage in efforts to increase the size at the top of the funnel.
Disclaimer: Princeton alumnus.
Low admittance rate is a plus for most college rankings so institutions are incentivized to engage in efforts to increase the size at the top of the funnel.
Disclaimer: Princeton alumnus.
From the graph in the article, that is also in decline, but not as sharp (except the outlier of this year, which is caused by other factors).
Without looking, I would guess that that the entering classes of Princeton and other elite schools largely stay fairly steady over time for a variety of reasons.
As for the number of people who apply, this can be increased via outreach programs, marketing, etc.