There is a lot of leeway in domain names, so I think this would be fine. Unless of course the website is for something totally unrelated to what it conveys. You might change "applicant" to "application" if it will be where a prospective student goes to apply, but if it is a page of general information for an applicant, then I think it's fine as is.
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jiangyueming Can you tell me whether these two domains make sense? "www.nyu2014applicant.com" and "www.northwestern2014applicant.com" Thank you for replying!Will you be using these in five years? It seems that the useful lifetime is a bit limited.