Selection bias is the primary value of many universities -- Harvard graduates 98% of its students: https://college.harvard.edu/resources/faq/what-harvards-gra

Selection bias is the primary value of many universities -- Harvard graduates 98% of its students: https://college.harvard.edu/resources/faq/what-harvards-graduation-rate https://college.harvard.edu/resources/faq/what-harvards-grad... The prestige is conferred by acceptance. Comment is saying that many people know this and the prestige of acceptance is often good enough without requiring the time investment of completing the degree (which clearly isn't threshing out poor performers). Choosing to be in the 2% shows intelligence to me!