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Like many schools, UPenn has a higher ED acceptance rate.
I'm considering applying early decision for this reason, but I'm wondering if the higher rate is due to BETTER candidates applying (so it may actually be more competitive earlier) or the admission system FAVORS early-deciders (because it helps the school's yield, and the people reviewing the apps are *GASP* human and may be tired and bored of reading all those essays by the time regular apps are submitted).
Does anyone know? Also, I understand athletes and legacies apply early ... are there only a certain # of spots available, and such candidates take up those spots in ED?