Bond-Rating Agency Casts a Skeptical Eye on College Application Figures

The college-application frenzy is beginning to affect efforts to ascertain a college's financial stability.

The bond-rating agency Standard & Poor's has announced that it will start looking more skeptically at the application numbers being reported by colleges and universities.

"We are questioning whether the increases reported are genuinely reflective of the popularity of a particular institution," said Gwendolyn Shufro, a higher-education analyst with Standard &

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