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I take issue with this part of the press release: by ndzippy
"The University set a record-low acceptance rate of 12.9% this year, replacing last year’s record-low of 14.6%."
Bragging about turning away 87% of applicants in a release like this is unseemly...save that shit for the rankings bodies (e.g., U.S. News).
If you feel the need to call this out (rather than simply let people do the math), why not just say something like, "The acceptance rate declined from 14.6% to 12.9%"? No need to use terminology like "record-low".