<p>^??? Do you think there’s a shortage of qualified candidates?
I don’t think that’s a problem over at UMich, for example, where they have 40,000 self-selecting high stat kids, the majority of which they turn away ;)</p>
<p>But I think the incentive for the schools to do this isn’t strictly fiscal. It’s rankings and performance related. Folks who review aspects of a school certainly notice if the grad rate isn’t in the four-year range – and appropriately so since they shoulder the majority of the fiscal burden.</p>
<p>So I suspect it’s a strategy to ATTRACT more students/parents and elevate themselves in ranking criteria.</p>