Colleges make millions off of rejected applications

Madison Rexroat

Several colleges, particularly highly selective ones, have very low acceptance rates, meaning they have a large amount of rejected applications. Since most applications require application fees, applications are a big money-maker for schools, accepted or not.

According to USA Today College, profits for some schools from rejected applications reached into the millions. The most profitable school was the University of California Los Angeles at $5,369,840 made from turned-down applicants. Others in the top 5 most profitable were UC-Berkeley and Stanford University.

To see the original story by USA Today, click here.