If it seems like gaining acceptance into selective colleges seems harder today than a decade ago, that’s because it is. And at a dizzying pace.

Harvard and Stanford reject nearly 95% of the students who apply.

But that wasn’t the case two decades ago when the acceptance rate at both schools was in the double digits. For the class of 2001 (meaning students were accepted in 1997) the admission rate at Stanford was 15.5% and the rate at Harvard was 12.3%.

Some experts believe the competition is driven by the so-called admissions arms race, in which colleges are incentivized to read more >>>

Source:: BusinessInsider.Com