HIGHER EDUCATION BUBBLE UPDATE: "Bait and switch" is such an ugly phrase. We prefer to call it "Rejection for selectivity's sake".
The deluge of correspondence from even the most hard-to- get-into colleges is raising false expectations among thousands of students, swelling school coffers with application fees as high as $90 apiece and making colleges seem more selective by soliciting and then rejecting applicants. … Jon Reider, director of college counseling at San Francisco University High School, advises students to view e-mails and mailings skeptically, especially from Harvard University, the most selective college in the country. Reider called its mailings "not honorable" and "misleading."
"The overwhelming majority of students receiving these mailings will not be admitted in the end, and Harvard knows this well…"
When a multi-level marketer promises suckers fabulous prizes it has neither the intention nor the means to deliver, state consumer protection agencies get involved. When the Ivy League does it, that's business as usual.