In an effort to find out the costs of more selective admission to the University of Wisconsin, UW-Oshkosh examined the progress of students who entered the university as freshmen in the 1960-61 academic year, when admission was relatively "open." Results showed that the state could save millions of dollars a year if it restricted admissions to students graduating in the top half or top three-quarters of their high school classes. If UW-Oshkosh had admitted students only in the top half of their classes between 1960 and 1975, Wisconsin would have lost over 780 college graduates, 245 of whom would have later earned graduate degrees. Most of them would not have been able to occupy the positions they now have or may have in the future, because they require college degrees. These projections are conservative, since they are based on the 1960 class size, while class sizes have increased. A more restricted admissions policy could have a significant impact on the economic and social development of the state. (Author/MSE)