Applications Up! Applications Down! Which is it?

The swirling cross currents of the economy and college applications in 2009 continues.

Last week I reported that four selective colleges that I watch (a couple to which Greg has applied) were reporting record applications this year, including a 20% increase at Stanford. A California mom commented that she had noticed the same thing at other selective colleges.

But Bloomberg reports today that seven of the eight top liberal arts colleges posted application declines this year, including a 20% drop at Williams. The main culprit -- the poor economy and the high tuitions at these schools. Of course later the article reports that all of the Ivy League schools reported increases in (& probably record) applications. I guess their high tuitions are worth more than the small liberal arts schools!

One additional piece of evidence supporting the 'poor economy = frugality in college applications' is this article from the Atlanta Journal Constitution that reports record applications for Georgia state schools. The primary explanation? Kids staying closer to home and taking advantage of Georgia's generous Hope Scholarship.

So it seems to me like the top tier schools are still in high demand, but everywhere else poor economy is having an impact, both up and down. This is a helpful turn of events if you're applying to schools with declining applications -- assuming you can afford them.

2009, A Record Year for Select College Applications?

This is an admittedly unscientific sample, but it seems like the selective colleges have received a record number of applications this year -- and in some cases have blown away the prior records (which were probably set last year). To wit:

- Stanford reports an increase of 20% over last year, an all time high, and anticipates a 7.5% acceptance rate

- MIT's applications grew by 2,000 to 15,600, a new record.

- UVA reports "...that applications went up dramatically this year (we're up over 22,000 applications), probably due to our move to the Common App"

- Vanderbilt has "...received a total of 19,244 applications for the Vanderbilt entering class of 2009, the most ever received at Vanderbilt"

In UVA's case adopting the Common App had an impact. There's also the 'baby boom echo' effect. This is the peak year for high school graduates from baby boomer parents. So, lots of ambitious seniors applying for a fixed number of slots in the selective schools. But I'm scratching my head how these two factors, in the midst of the worst recession since the '30's, lead to a 20% increase in applications at Stanford (which has been using the Common Application for awhile).

If you have any theories on why this is, please leave them in the comments.

Have you heard any other 'record applications' stories. Please leave those in the comments as well.