As per Lawkidunya, Admit: Congratulations, you’re in! You’ve been offered admission to the college you selected. Admit/deny:
The school you applied to agreed to admit you, but has denied you financial aid. It’s up to you to figure out how you are going to pay for school.
Is Admission the Same as Acceptance
As per Lawkidunya, Yes, the admission rate and acceptance rate are the same thing. They both refer to the percentage of applicants accepted (or admitted) into a certain college or university in a given year.