lagomez
It depends on how you define quality. I know some applicants that were dinged by Consortium schools but yet accepted to higher ranked schools. I wouldn't necessarily call them lower quality. Additionally, some were accepted that one could consider questionable quality. Point being, there will always be quality candidates but perhaps not the quality a school is looking for. Seriously, how many times have you visited a school and were left wondering "how in the heck did this person make it through"?
Wouldn't the consortium schools ding those that they think are more likely to turn down admission to go to higher ranked schools? Aren't they trying to protect their yields? If I were Cornell and a consortium applicant was an AA male with a 730 gmat, 3 years at Carlyle, and a 3.8 gpa in Physics from MIT then why would I admit him and offer the Park fellowship when his essay and interview didn't convince me of "why Johnson"? Dude's a shoe in for somewhere else so I'd have to be convinced that he want's to come to my program over that other place.
Yeah, sure maybe applicants like that. But how many applicants do you see like that that would apply to the Consortium anyway?