This paper develops a model of college admissions that emphasizes the role of college
admissions as a human capital evaluation method. Given multiple dimensions of human
capital, different patterns of human capital evaluation and development can emerge as
multiple equilibria. These equilibria with a varying emphasis on different aspects of human
capital can match an observed difference in college admission patterns between East Asian
countries and the U.S. These different patterns are not Pareto ranked. Empirical
implications of model are also discussed.