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 ...