03/25/2013 05:56 pm ET Updated May 25, 2013

College Rankings Aren't Meaningless; They're Just Misleading

"An Ivy League degree changes everything. "

I've heard those exact words dozens of times and inferred their sentiment hundreds more. They undoubtedly were a major contributing factor in the 250,000 applications to the 8 Ivies this past year. But with only 14,000 freshman slots available, there will be to be a lot of disappointed families when decisions are announced in a few days.

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