As usual, a lot of opinions, but not a lot of information. Bowdoin College is one of the most selective schools in the country. Approximately 91% of all applicants are rejected. It is also one of the wealthiest. Their endowment is nearly $3 Billion dollars, but they have fewer than 1,800 total students. It has been around for for over 225 years. Some of their famous alumni include Former President Franklin Pierce, Nathaniel Hawthorne, Henry Wadsworth Longfellow, Reed Hastings (the founder of Netflix), Robert Peary (of North Pole fame), numerous Supreme Court Justices, numerous US Senators, members of presidential cabinets, and UN ambassadors, and Peter Buck (co-founder of the Subway Sandwich chain). They don't need to do this to attract students.