<p>Last year’s post-summer melt yield was 53.4%, so this year experienced a 7% jump in yield. I know that we’re used to such great increases in the Nondorf era, but this is seriously impressive and deserves much more attention.</p>
<p>With Chicago’s drastic change in financial aid policy announced over the last few days, you have to wonder how yield and acceptance rate will be affected next year. Now that those applying for financial aid can apply for free, you have to assume that applications are going to soar. If I had to conjure up a guess, I would estimate 35,000 applications (a jump of 27% year-over-year, but only a 15% jump from 2013) and 65% yield, which would imply a total admit rate of 6%, identical to Harvard’s.</p>