Then why have an admissions process? Just take the first N applicants who can pay in full, and the first M applicants who can show they qualify for full financi

Then why have an admissions process? Just take the first N applicants who can pay in full, and the first M applicants who can show they qualify for full financial aid from outside sources (to meet any applicable state or federal funding requirements). I don't think it's that simple. Due diligence is organizational security, and a good amount people have a lax attitude towards security.