In 2015, I wrote this post  on falling yield rates.  It was pretty obvious to many of us in the profession that this trend was widespread, and largely driven by a dramatic increase in applications against a more modest increase in actual students who could or would enroll.   It apparently wasn't so obvious to everyone.  Response was much stronger than I thought it would be, and I never had seen so many requests from people who wanted to share it with their trustees (btw, this is public; you never have to ask permission to share).   So I redid it, using trend data from 2005 to 2018.  First a couple of definitions:     Admit rate  is the percentage of applicants who were offered admission (admits/applicants).  Yield rate  is the percentage of admitted students who enroll (enrollers/admits).  Draw rate  is not commonly known, and I wish I remember who first mentioned it to me in the 1980's.  It stuck with me and is a valuable metric, I think, as we attempt to measure ...