The scale of rejection worries Karl M. Furstenberg, dean of admissions and financial aid at Dartmouth College from 1992 to 2007.
"When people keep hearing that they're not good enough, this has an undermining psychological effect," he
Over the last 15 years, Mr. Furstenberg
says, growing applicant pools reflected an earnest push for greater diversity among the wealthiest institutions.
believes many have reached a point of diminishing returns.
"It's a classic arms race-escalation for not a whole lot of gain," he