<p>Well, no. I don't think potential students will pay any attention at all to this stratetic direction stuff. Just look at this board. The president resigns, the main direction of a great American university is open to debate, and the board is overwhelmed with "what are my chances?" posts. Selectivity, as you pointed out, is driven by the high applicant growth rate. </p>
<p>It might affect the yield statistics (the percentage of accepted students who actually matriculate), but if this moves one percent over the Lehman affair, I would be astonished.</p>
<p>Good luck,
RB</p>