We unpack why acceptance rates often reflect strategy as much as demand, showing how colleges expand applications and manage seats to signal exclusivity. We share simple ways to read past the number and focus on fit, cost, and outcomes.

• selectivity as a product of enrollment management
• tactics that inflate application volume
• fixed seats driving lower admit rates
• yield models shaping offers and class size
• why rigor and admit rate are not the same
• metrics that matter more than exclusivity
• how to interpret rankings without panic

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