Passion Party #345 - Talent Inflation

It is not just college tuition that is
outpacing inflation.

More high school students than ever before
are to applying to college rather than
entering the work force or the armed services.
Each of these students are applying to more schools than ever before
(this year the average college-bound senior will apply to 10-14 schools).
Carnegie Mellon University received 28,000 applicants for 1,500 freshman openings this year,
compared to 14,000 applications 10 years ago).

This has been fostered by the internet,
the Common App, and
the competition.

The bar gets higher and higher
and supply and demand
helps keep the costs high

But I still wonder
is the student being served by this system?

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