<p>Chicago has higher SATs than MIT and will probably have a lower acceptance rate as well. MIT actually had a 5% dip in EA applications this year, so while Chicago is getting harder to get into, MIT is going the opposite direction. So don’t let anyone tell you that you have better chances of getting into Chicago than MIT, because that’s patently (and laughably) false.</p>
<p>Since both schools are extremely difficult to get into, it comes down to “soft measures” for either university. You have the stats to get into both MIT and Chicago, so at this point, you have to convince the admissions committees that you would be a good admit. That means excellent essays, and in that regard, nobody here can tell you your chances of getting in.</p>
<p>One thing that might ease your mind a little is how arbitrary the admissions process is nowadays. Many people get accepted at 1 elite school and get rejected everywhere else. For instance, many people get into Harvard, only to be rejected by all of the other super-elites. For all purposes, admissions at elite schools should be viewed as independent of each other; that is, a deferral/rejection from one school rarely says anything about your admissions chances at another school. So even though Chicago is equally difficult to get into as MIT, a deferral from MIT doesn’t mean your chances are poor for Chicago.</p>