Colleges seek "well-rounded" students to enhance their institutional brand and ensure a vibrant campus community, which includes extracurricular activities that foster socialization and teamwork. While academic performance is crucial, elite institutions also prioritize diverse experiences that contribute to a student's ability to succeed in the real world. This approach helps schools manage their admissions pools, as they receive many applications from highly qualified candidates. Critics argue that these criteria often favor affluent students who can afford extensive extracurricular involvement, perpetuating socioeconomic disparities. Ultimately, the emphasis on being "well-rounded" reflects a desire for students who can contribute to the university's reputation and network, beyond just academic achievements.