Surprise and Demand: Beware the 'Bubble' in College Admissions

The recruitment cycle for students entering college this fall was a banner one for admissions offices around the United States. Applications were up, admit rates were down, and at many institutions, the incoming classes are full. The future looks rosy, too: According to a recent report from the National Center for Education Statistics, the number of high-school graduates will continue to increase annually for about the next eight years. At many colleges, that has meant increased demand for

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