I’ve read it’s more of a gradual decline than a cliff and that at the lowest point, the college age domestic population will be the same as 2013, better than now but still significantly worse than we were teens ourselves. Also, international kids make up a growing proportion of the applicant pool. One of the things I was shocked to learn this cycle is that some of the T20 schools are 20 percent to 30 percent international students (the overwhelming majority of which are full pay). if the most schools have this spigot to increase, there may not be much relief.