Earlier today, University of Pennsylvania released its regular admissions decisions for its Class of 2023. The overall acceptance rate dropped to 7.4% from 8.4% last year. However, while applications hit a record high, they only represented a 1.1% increase over the previous year’s application volume. Therefore, Penn is banking on a significant increase in yield to about 72%. This past year, the school’s yield was only 65%.
The admitted applicants are very diverse. They represent all 50 states plus Washington, DC and Puerto Rico as well as 100 foreign countries. International students comprise 14% of the admitted applicants while legacy applicants comprise 13%. Finally, 51% of domestic applicants self identified as people of color.