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In page University of Chicago:

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In the early 1950s, student applications declined as a result of increasing crime and poverty in the Hyde Park neighborhood. In response, the university became a major sponsor of a controversial urban renewal project for Hyde Park, which profoundly affected both the neighborhood's architecture and street plan.[11] During this period the university, like Shimer College and 10 others, adopted an early entrant program that allowed very young students to attend college; also, students enrolled at Shimer were enabled to transfer automatically to the University of Chicago after their second year, having taken comparable or identical examinations and courses.[citation needed]