Now that all the college-admissions acceptance and rejection letters have been mailed, students and parents are taking stock of their lot. Some are happy, but a great many more probably feel disappointed. An enormous amount of energy and anxiety is expended in trying to get into college, but the truth is that the admissions process is much more haphazard than people like to think. The good news? In the long run, it’s generally less important too. Here are the five biggest myths about this annual angst-a-thon …

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