| This isn't surprising. Let's look at how many people applied and how many acceptances were issued over the last few years: * 2012-2013: 38,828 applied, 2210 accepted * 2011-2012: 36,631 applied, 2427 accepted * 2010-2011: 34,348 applied, 2427 accepted * 2009-2010: 32,000 applied, 2300 accepted There's a constant amount of spots and they take the same amount of people. The reason they are now more selective (percentage-wise) is simply that more people applied. |
A more accurate description would be "Stanford's increased marketing efforts got more people to apply". It's a trend nationwide, a race to the bottom to game the school rankings system.
Edit: It's not limited to undergrad programs either. Business schools are at it as well.
Edit2: It helps their top line too. Application fees are something like $100, marketing costs are definitely an order of magnitude smaller, and the cost of processing one application (especially if they just get rejected right away) is quite minimal.