(Bloomberg) -- Duke University alumni sometimes refer to the Durham, North Carolina, school as the Harvard of the South. It's not the magnet it used to be.
Student and parent doubts are showing up in the admissions office. Applicants to Duke's freshman class fell 1.1 percent, the first drop in eight years. It was one of only two schools to sustain a decline among those ranked in the top 10 by U.S. News and World Report magazine. Ivy League colleges including Princeton University, meanwhile, had record applications.
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