College admissions trends, 2011 edition

NACAC, the National Association for College Admissions Counseling has released a new report:
College Admission Trends for 2011: Uncertain Times Lead Colleges to Lean More Heavily on Wait Lists; Acceptance Rate for Four-Year Colleges Declines Slightly, NACAC Finds

While much of the discussion in the press focuses on the small group of super selective colleges that admit fewer than 10% of applicants, the report indicates that the average admit rate over all four year American colleges and universities is 65%.