Right about now, anxious high-school seniors around the globe are obsessively checking their mailboxes, awaiting decision letters from the U.S.’s elite colleges. For all but a tiny handful of the hundreds of thousands of teenagers who applied—pouring countless hours into agonizing over forms, editing personal essays, sitting through standardized tests, and nervously monitoring their GPA—those letters won’t bear good news.
Acceptance rates at highly selective colleges have plummeted in recent years. Exclusivity has always been baked into their brand: Only about 3 percent of 18-year-olds in the U.S. go to schools that admit fewer than half their applicants, making the “college-admissions mania,” as The Atlantic’s Derek Thompson once put it, “a crisis for the 3 percent.” Still, it’s a mania to which more and more teens are subjecting themselves, pressuring applicants to pad their resumés and tout superficial experiences and hobbies, convincing them that attending a prestigious school is paramount. And critics say that mania has even spread into and shaped American culture, often distorting kids’ (and parents’) values, perpetuating economic inequality, and perverting the role of higher education in society as a whole.