Of the 43,330 candidates who applied to Harvard College's class of 2023, only 1,950 were admitted, the college announced. That's a record low 4.5 percent admission rate for the school.
According to the Harvard Crimson, the college notified 1,015 students of their acceptance Thursday evening. Another 935 were admitted early decision.
The Crimson also reported that it's more expensive than ever to attend the college:
The total cost of attending Harvard College — including tuition, fees, room, and board — will increase by 3 percent, to $69,607, for the 2019-2020 academic year, the College announced in a press release Thursday evening.
That increase marks a $2,027 rise from the 2018-2019 school year cost of attendance of $67,580.
This is the second year in a row that the cost of enrollment at the College has risen by 3 percent, outpacing the rate of inflation in both years.
Harvard's Financial Aid Office believes that more than half of the Class of 2023 will receive some form of need-based financial aid, and under a Harvard program geared to students from low-income families, 20 percent of the class will not be required to contribute to the cost of attendance, the Crimson reported.
Brown University also post a record low overall acceptance rate of 6.6 percent, or 1,782 students, to the class of 2023. The applicant pool of 38,674 was the highest ever, up nine percent from the year earlier.
According to The Brown Daily Herald, 65 percent of admitted students plan to apply for financial aid.
The total direct and indirect costs of attending Brown for the current academic year are estimated at $77,690.