The Choice reports (via The Chronicle) that Ithaca College found itself with too many incoming freshmen, and thus offered some students as much as $10,000 to put off school for a year. One has to imagine this expensive mistake was quite avoidable.

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Jesse Singal is a former opinion writer for The Boston Globe and former web editor of the Washington Monthly. He is currently a master's student at Princeton's Woodrow Wilson School of Public and International Policy. Follow him on Twitter at @jessesingal.