This spring, more than three million students will graduate from America’s high schools, and more than two million of them will head off to college in the fall. But how does the college selection process really work?

In a good article in the Washington Post, historian and senior fellow at the Century Foundation Richard Kahlenberg recently detailed what he considers the five most pervasive myths about who gets into college.

To summarize:

1. Admissions officers have figured out how to reward merit above wealth and connections.

2. Disadvantages based on race are still the biggest obstacle to getting into college.

3. Generous financial aid policies are the key to boosting socioeconomic diversity.

4. Selective colleges are too expensive and aren’t worth the investment.

5. With more students going to college, we’re closer to the goal of equal opportunity.

Read the article for the explanations and use the comments field below to let us know what myths regarding college admissions you think are still unexplored.