Comment by nordsieck

> Someone has to come up with criteria based on whatever goals and values they think are important.

The most obvious criteria is: most likely to graduate.

Some others that aren't bad:

* Highest expected value of future donations

* Highest expected value of impact (publication)

* Highest expected value of future salary

* Highest expected value of holding public office (the weighting here might be contentious)

As long as all of the criterion are achievement based, I expect them to screen for roughly the same people, demographically.