As is the case just about every year, the most competitive private universities are announcing record numbers of applications and record low admission rates. This year's announcements include a 6.2 percent admit rate at Harvard University and a 7 percent rate at Stanford University. Amid all that rejection, Bloomberg noted that some alumni admissions interviewers at elite colleges and universities are quitting the once-coveted volunteer positions since so few of the people they interview actually get in.
