HIGHER EDUCATION BUBBLE UPDATE: Fibbing For Rankings:

The University of Missouri at Kansas City gave the Princeton Review false information designed to inflate the rankings of its business school, which was under pressure from its major donor to keep the ratings up, according to an outside audit released Friday.

The audit — by PricewaterhouseCoopers — described the process by which business school officials came up with creative reasons to provide data that many at the school believed to be false, and that the audit found to be false.

I think there’s a lot more of this going on than is fully appreciated.