Many of the seniors have heard back from many of their first-choice colleges about admission. Many of those decisions were probably not what was hoped for. A college acceptance does not define you. This decision may also be the first time that you were told that you could not do something. The question is, what are you going to do about it? Will you linger over this decision which was entirely out of your control or will you move on? If you have the credentials to apply to a highly selective college that means you are probably going to be successful regardless of where you go. You have to trust yourself to be awesome. Will you be more driven or a better student at College A than you would at College B? I hope not. I hope you will be great regardless of where you attend. Studies show that if you have the grades and scores to apply to a highly selective school, but don't go,  you will earn the same amount of money ten years after graduation as others who attended those selective locations. (https://www.nber.org/papers/w7322 )

Anyway, I am happy for those of you who have been accepted into your dream school. I am also happy for those of you who were able to apply to your dream school but maybe did not get accepted. All of you will pave your own path and make your own success. Grit and determination go a long way and I am confidant that you will achieve whatever you set your heart on.
These articles may help : https://www.theatlantic.com/ideas/archive/2018/12/does-it-matter-where-you-go-college/577816/ 
https://grownandflown.com/rejected-dream-school-now-here/