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<p>22% is right for the fall of 2005. It was 25% for fall 2004. I think it was 24% for fall 2003, but I’d have to look it up.</p>
<p>The lowest as far back as 1970 was for fall 1998 when the acceptance rate was 20%. Swat was taking its turn at the #1 spot in USNEWS at the time, which tends to inflate application numbers – although probably doesn’t increase the numbers from people who have actually researched the school. International numbers especially float with the rankings.</p>
<p>I guess the moral of the story is: if you get in, thank your lucky stars. If you don’t, you shouldn’t take it as a personal rejection. The numbers are brutal – especially for white US applicants. Out of 4900 applications, I figure Swat accepted fewer than 435 Caucasian US citizens.</p>