According to an article by Molly Alter and Randall Reback in Education Evaluation and Policy Analysis, universities in the USA get more applications if they receive high quality-of-life ratings and fewer if their peers are highly rated academically.
True for your school: How changing reputations alter demand for selective US colleges
Abstract
There is a comprehensive literature documenting how colleges’ tuition, financial aid packages, and academic reputations influence students’ application and enrollment decisions. Far less is known about how quality-of-life reputations and peer institutions’ reputations affect these decisions. This article investigates these issues using data from two prominent college guidebook series to measure changes in reputations. We use information published annually by the Princeton Review—the best-selling college guidebook that formally categorizes colleges based on both academic and quality-of-life indicators—and the U.S. News and World Report—the most famous rankings of U.S. undergraduate programs. Our findings suggest that changes in academic and quality-of-life reputations affect the number of applications received by a college and the academic competitiveness and geographic diversity of the ensuing incoming freshman class. Colleges receive fewer applications when peer universities earn high academic ratings. However, unfavorable quality-of-life ratings for peers are followed by decreases in the college’s own application pool and the academic competitiveness of its incoming class. This suggests that potential applicants often begin their search process by shopping for groups of colleges where non-pecuniary benefits may be relatively high.
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