Nearly all eight of the Ivy league institutions in the United States, among many other colleges across the country, reported all-time low percentages of students accepted for next year.

Despite having applications drop by 1.9 percent, Harvard University accepted only 5.9 percent of the students, reported the Washington Post. That is down from the 6.2 percent the university admitted last year.

The admissions for Yale University's class of 2016 was 6.8 percent, with a record high of 28,974 applicants.

Meanwhile, many other colleges accepted the lowest number of applicants than ever before as well. Princeton University accepted 7.9 percent of applicants, Cornell University admitted its lowest rate with 16.2 percent, Dartmouth College was at 9.4 percent and the University of Pennsylvania accepted 12.3 percent, reported CNN.

College rankings in the U.S. News & World Report college rankings depend partly on the selectivity rate of schools. The selectivity rate is the percentage of students schools accept vs. the number of applications they get and the lower it is, the better for rankings.

Harvard has claimed a declining rate of acceptance for seven year, according to the Washington Post.