It's time for rejection letters from colleges, and the colleges are the ones that are nervous.
They're worried that applicants may hesitate to commit because of the shaky economy. Private colleges in particular are concerned about less than normal matriculation rates. But many schools are getting proactive, by making personal phone calls, sending personal letters or even flying in admitted students.
But not all schools are worried. Community colleges could face a glut of students who are looking for an education at a reduced cost.