1.   And for the most selective institutions, NACAC, pronounced knack-ack, has the feel of an informal academic draft for top talent.

2.   But Loury and Garman also find that as black students with comparable test scores and family income attend more selective institutions, their dropout rate tends to rise.

3.   Even the least selective institutions have to keep tabs on student quality, lest their reputations suffer and the quality of their students slip too far.

4.   Flooding the class was an especially long pipeline of high school graduates, many of them convinced that attending a selective institution provided a guarantee of success in life.

5.   Like Daniel and his associates, they find that otherwise similar black students enjoy higher wages when they graduate from more selective institutions.

6.   Such highly selective institutions operate in a fiercely competitive environment, and experts predict that others will follow suit.

7.   The theory went that at less selective institutions, there would be far less pressure.

8.   Then we have the matter of how students are selected for these selective institutions.

9.   This has not been a problem for the most selective institutions with the largest endowments.

10.   A few local commercial banks and foreign banks were seen offering to selective financial institutions.