• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
FinanceColleges and Universities

Harvard applications fall 5%, rival universities see increases after some students seek a ‘more comfortable environment on campus’

By
Janet Lorin
Janet Lorin
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Janet Lorin
Janet Lorin
and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 30, 2024, 12:19 PM ET
Buildings on Harvard University Campus
Harvard’s undergraduate applications have declined for two straight years.getty
Add Fortune on Google for similar content.

Applications to Harvard College fell 5% from a year ago after a tumultuous period that included the resignation of its president and a defeat at the Supreme Court.

The school said 54,008 students sought admission for next fall’s freshman class. That marked the second consecutive year that Harvard’s undergraduate applications declined. They’re down from 61,220 two years ago, when numbers soared after colleges scrapped requirements for standardized testing to adjust to the pandemic.

It’s unclear what drove the decline in the numbers, which still show extraordinary interest in attending the oldest and richest US College. The school accepted just 3.6% of applicants.

In contrast, Yale University reported 57,465 applicants, the largest pool in its history and almost 10% more than the previous year. Duke University and Dartmouth College also saw similar jumps, and the University of Pennsylvania’s applications rose more than 9% to 65,000, the most of the cohort that reported.

The admissions landscape is being closely watched after the Supreme Court ruled in June against Harvard and the University of North Carolina that race couldn’t be a factor in admissions. Some of the schools have also been roiled by allegations of antisemitism after the Oct. 7 Hamas attack on Israel, with Harvard and Penn facing particular scrutiny from alumni and lawmakers.

Harvard disclosed data in December that showed applications for non-binding early admissions declined 17%. It was unclear why the numbers fell so sharply, but it fueled concerns among alumni and donors that the school’s reputation was being tarnished.

Regular applications for fall 2024 were due Jan. 1. The next day, Harvard President Claudine Gay resigned from her post after she was accused of plagiarism and for her widely criticized testimony about antisemitism at the college at a congressional hearing in December. Penn’s president, Liz Magill, also resigned after the hearing, in which both gave narrow legal responses to whether calling for the genocide of Jews was against school policy.

Citing the Supreme Court ruling, Harvard said it wouldn’t access self-reported information about the race and ethnicity of applicants this year until the admissions process is over. But the school shared other facts about the class of 2028, which will begin studying in the fall semester at the campus in Cambridge, Massachusetts.

Harvard admitted 1,937 students for the class, which will comprise about 53% women and 47% men. The Mid-Atlantic region accounted for the most students, with 20% of the total. That was down from about 22% a year earlier. In addition, 21 military veterans were admitted.

“Beyond another strong applicant pool, we are delighted by the stunning array of talents and lived experiences the Class of 2028 will bring with them from throughout the United States and around the world,” William Fitzsimmons, Harvard’s dean of admissions and financial aid, said in a statement.

Students whose family income is $85,000 or less will receive full financial support. The total cost of attendance, including tuition, housing and food, and fees, is scheduled to increase 4.3% to $82,866 for the 2024-2025 academic year for those families not receiving need-based aid. Nearly a quarter of students attend with no parental contribution, the school said.

Harvard estimates it will spend $260 million in undergraduate aid, up from $246 million the year prior.

The deadline to accept the decision from Harvard is May 1.

It’s hard to read into a 5% decline at Harvard, even when peers saw large jumps, said David Rion, director of college guidance at the Loomis Chaffee School, a boarding institution in Windsor, Connecticut. Perhaps some Jewish or conservative students might be staying away from Harvard, or Boston had a bad winter, he said.

“They are the protagonists of the higher education world and that will help sometimes and hurt sometimes,” Rion said.

Michael Motto, a former assistant director of undergraduate admissions at Yale and a private college counselor in New York, though said Harvard’s climate in the fall caused some Jewish students he worked with to omit Harvard from their lists.

“I had some students who focused their sights on schools that they felt were creating a more comfortable environment on campus,” Motto said.

About the Authors
By Janet Lorin
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Finance

‘It’s called StreetEasy, not StreetHard’: Mamdani cracks down on scourge of ‘housefishing’ and ‘real estate slop’
Real EstateHousing
‘It’s called StreetEasy, not StreetHard’: Mamdani cracks down on scourge of ‘housefishing’ and ‘real estate slop’
By Tatiana SatauaJuly 22, 2026
8 hours ago
As Washington panics about Chinese AI, Jensen Huang says open-source models like Kimi are ‘excellent’ and should be embraced, not banned
AIChina
As Washington panics about Chinese AI, Jensen Huang says open-source models like Kimi are ‘excellent’ and should be embraced, not banned
By Marco Quiroz-GutierrezJuly 22, 2026
8 hours ago
Man holding his hands open
InvestingStock
A new group of stocks is transforming global equities markets. Meet ‘Memi,’ the $3 trillion sector fueled by AI’s insatiable hunger for memory chips
By Amanda GerutJuly 22, 2026
9 hours ago
Scott Bessent speaks inside the Oval Office.
EconomyU.S. Department of the Treasury
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
9 hours ago
Canadian Prime Minister Mark Carney speaks to US President Donald Trump in front of a window.
EconomyDonald Trump
Carney and Trump agree to speed up trade negotiations a day after Trump puts a 50% tariff on Canadian goods
By The Associated Press and Jim MorrisJuly 22, 2026
10 hours ago
Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding
InvestingDonald Trump
Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding
By The Associated Press and Moriah BalingitJuly 22, 2026
11 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
12 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
9 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.