Only 5 percent of students who applied to Stanford this year got in. That figure is less than half of what it was 10 years ago. What gives accepted students their edge?
Steve Goldstein talks to Board of Regents member Rick Myers about the business behind college football, budgeting sports at a university, and why athletics are important in the big picture of a university's image. Richard Lapchick, director of the Devos Sports Management program at the University of Central Florida also joins the discussion.