The chart shows TCU acceptance rate and freshman since 1979. As the chart shows the acceptance rate has decreased from around the 90% range to currently a little below 60%. Freshman enrollment hasn't really seem to grow that much over a 30 year period. I attribute this to TCU wanting to keep smaller class size and since it is a private university it really doesn't need to worry about funding as much as public schools do. Hopefully TCU can keep decreasing the acceptance rate to be in competition with SMU, Rice, Baylor, and other schools within Texas.
Source: TCU Fact Book
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