We explain why regular decision acceptance rates look harsher than headlines suggest and how early rounds, deferrals, and capacity pressures shape outcomes. We share how to build a smarter list that matches probability and keeps real options open.

• how seats shrink after early action and early decision 
• why regular decision pools absorb deferrals and hedgers 
• lower acceptance rates without weaker applicants 
• yield, financial aid, and major capacity constraints 
• list-building for probability over possibility 
• key takeaway that regular decision is the most competitive phase

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