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There's a market failure here: everyone now applies to 15-20 elite colleges, at an application cost of perhaps 1500$. Kids have no idea where they'll get in, a
by gbronner 6y ago
There's a market failure here: everyone now applies to 15-20 elite colleges, at an application cost of perhaps 1500$. Kids have no idea where they'll get in, and colleges have no idea who will attend.
Limiting applications to 8 or 10 schools would reduce the uncertainty on both sides
- oehtXRwMkIs 6y agoI think a better solution is the one where applicants get a limited number of times to mark specific applications as something they are especially interested in. Apparently it just works out pretty well without restricting your application pool. https://www.npr.org/sections/money/2017/05/05/527087730/episdoe-769-speed-dating-for-economists https://www.npr.org/sections/money/2017/05/05/527087730/epis...
- wrkronmiller 6y agoThere is already something called “early decision” at some US colleges, wherein you commit to attend a college if accepted.