@citymama9, check the facts:
http://www.usnews.com/news/blogs/data-mine/2014/09/22/is-the-college-admissions-bubble-about-to-burst:
“In 1988, the acceptance rate for Columbia University in New York was 65 percent, according to U.S. News & World Report’s Best Colleges edition that year.”
Lots of neat info there. For instance, college enrollment rates of college-aged kids increased from 26% to 41% over the past 3 decades.