Harvard College’s acceptance rate has dipped below 5 percent, according to figures released by the school.

More than 42,000 applied for the Class of 2022, a record, with 1,962 of them making the cut, an acceptance rate of about 4.5 percent. Last year, Harvard College admitted about 5.2 percent of the 39,506 applications it received.

The school declined to confirm a report in the student newspaper The Harvard Crimson Wednesday night that the acceptance rate for the Class of 2022 represented a record-low for the Cambridge-based Ivy League institution.

According to Harvard, 20.3 percent of this year’s admitted students come “modest and low income backgrounds that make them eligible for” Pell Grants, which is federal aid for students who come from lower-income families. That figure is a record for the school, according to Harvard.

Nationally, about 40 percent of undergraduates receive a Pell Grant.

Women, according to Harvard, make up about 50.1 percent of the admitted students for the Class of 2022, a number that has increased from 49.3 percent last year.

According to a statement from the school, African-Americans constitute 15.5 percent of the incoming class, Asian-Americans 22.7 percent, Latinos 12.2 percent, Native Americans 2 percent, and Native Hawaiians .4 percent. International citizens make up 12 percent of the class, according to Harvard.

For the 2018-2019 school year, a Harvard education could cost between $71,650 and $76,650 without financial aid or other awards, according to the school’s web site.