As i mentioned in a comment above, The article mentions that there were many very qualified candidates who are routinely rejected due to artificial scarcity and

As i mentioned in a comment above, The article mentions that there were many very qualified candidates who are routinely rejected due to artificial scarcity and that selection among such high quality candidates was arbitrary in many cases. So i doubt, you would be surrounded by dumb students. I'm guessing smart students don't want to be surrounded by too many Jared Kusners or George Bushes.