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Should I apply?

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The logic behind the question is this: Yale RD is statistically about 6 times more selective than Penn ED; if I don't get in to Penn off ED, I'm pretty sure that says that Yale wouldn't want me either. If I'm going to apply (binding) early decision to a school like UPenn, is it worth writing an application to Yale regular decision? note: if it helps, I have a 34 ACT and other great stats so I don't think either school would turn me away immediately.

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