Story here. We now understand that the SAT turned out to be basically a proxy for IQ. It makes sense to me for schools to be interested in IQ. Of course, there is far more to what a person might have to offer than IQ, but I think they ought to know that when making distinctions between applicants. Especially at a school like Chicago, which, unlike most of higher ed, requires that a graduate actually ends up knowing a lot of basic things which are not easy to learn.
I am just talking about Liberal Arts higher ed, of course.