Columbia University received nearly 40,100 applications for the class of 2024 (entering 2020) and a total of around 2,450 were admitted to the two schools for an overall acceptance rate of 6.1%, making Columbia the third most selective college in the United States behind Stanford and Harvard as well as the second most selective college in the Ivy League. Columbia is a racially diverse school, with approximately 52% of all students identifying themselves as persons of color. Additionally, 50% of all undergraduates received grants from Columbia. The average grant size awarded to these students is $46,516. In 2015–2016, annual undergraduate tuition at Columbia was $50,526 with a total cost of attendance of $65,860 (including room and board).