The most curious paradox about the annual scramble to get into college is that, far from fearing they will end up with too many freshmen, many admissions officers worry about getting too few. In the College Board Review, Headmaster John Gummere of Philadelphia's William Penn Charter School describes the headaches that result from students' applying for and being accepted by as many as 20 colleges before deciding on one.
"One topnotch small college, a college to which any able boy should be glad to go, found that no less than 38% of those whom it accepted for admission declined. Similarly, a first-rate...