University of Iowa underestimates its yield

<p>"While nearly every university overbooks each year, relying on sophisticated algorithms that predict just how many admitted students will probably go elsewhere, Iowa officials were stunned to learn this spring how far off they were in their math. This fall’s freshman class is likely to have more than 400 more students than last year’s, an unintended increase of about 10 percent..."</p>

<p>"That Iowa has emerged as one of the nation’s more popular public universities this year is a function, in part, of its aggressive marketing in other states and abroad. Its tuition for out-of-state students — $23,700 this year — also makes it more affordable than many private colleges, particularly those that have scaled back scholarship offers in an unstable economy."</p>

<p><a href="http://www.nytimes.com/2010/08/04/education/04admissions.html?hp%5B/url%5D"&gt;http://www.nytimes.com/2010/08/04/education/04admissions.html?hp&lt;/a&gt;&lt;/p>

<p>Virginia Tech is overbooked as well. It will be interesting to see how this affects admissions for this year.</p>

<p>Interesting...you think yields would dop.</p>

<p>Didn't this happen at JHU recently as well? A year or two ago I believe.</p>

<p>It's happened at a lot of the SUNYs too. Stony Brook right now is having a big problem with housing.</p>

<p>With the uncertain economy many state schools are having more people accept that admission because it's cheaper.</p>

<p>How do colleges end up overbooking in the first place?</p>

<p>Schools know that some of the people whom they accept will choose to go elsewhere - practically everyone applies to more than one school, and most students are probably accepted at more than one. If a school wants to get a class of about 1000, they might normally have to accept 3000 or so, depending on past experience to figure out how many are likely to actually enroll. If they guess wrong, they may have more than expected. If they underguess, they might be able to make it up by having a waitlist.</p>