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How do you deal with your child’s first real rejection?

It is a question that Priscilla Sands, head of the Marlborough School, an elite girls school in Los Angeles, addresses every year when students learn they didn’t make it into their top colleges. She knows they are disappointed and distraught. She also knows that what looks like a setback might not be.

“It’s an issue for parents. They need to understand the pain, but also…