Ivy League Offers False Hope to Kids It Won't Accept

Top schools see no application shortage despite economy

(NEWSER) - Sure, a lot of people are cash-strapped, but don’t get your hopes up that the recession will boost your shot at an Ivy League school. Harvard got a record number of applications this year—29,112, a 6% jump from last year. And pricey universities like Yale, Dartmouth, Brown, Columbia, and Stanford all saw application numbers soar, the New York Times reports. Still, some top smaller schools did see a decline in applications. More»

(NEWSER) - Yale's endowment is performing like those of other major universities: miserably. The Ivy League school said today that its fund had plunged 25%, or $5.9 billion, to $17 billion since July, the New Haven Independent reports. Yale's president warned of a $100 million budget shortfall in the 2009 school year and said belt-tightening would be necessary. More»

Harvard accepts just 7% of applicants

(NEWSER) - Acceptance letters from the nation's top colleges will begin to arrive on prospective students' doorsteps today, but far more rejection letters are in the mail than ever before, reports the New York Times. Harvard and Yale accepted only 7.1% and 8.3% of applicants, respectively, both record lows as schools struggle with changing demographics. More»

Protests spread across Ivy League campuses

(NEWSER) - Half of those surveyed in Harvard's class of 2010 went into finance or consulting; at the University of Pennsylvania, the figure was even higher—and some students are fed up with the "brain drain." Inspired in part by the Occupy movement, students have launched protests against recruiting by big banks, consulting firms, and hedge funds at top universities ranging from Princeton to Stanford, NPR reports. "You've got 20% to 30% of some of the top talent in this country going into a sector that is not necessarily contributing to economic and social productivity," says movement leader Teryn Norris. More»

If you didn't graduate from Harvard, good luck getting a top job

(NEWSER) - If you’re determined to get a great job, you might want to quit your course of study at Cornell or Dartmouth and transfer to one of the "top 5" schools: Harvard, Yale, Princeton, Stanford, and Wharton. A new study shows that recruiters for the best law firms, investment banks, and consultancy firms are only looking at graduates of those schools, Business Insider reports. And even if you’re one of those elite grads, recruiters want to make sure you’re not—in their words—"boring," a "tool," or a "bookworm." More»