Honestly, I'm not really surprised. From doing OCI at Wake for years, the quality of student has really seemed to drop over the past few years. From this past fall, I only had two people who I would even consider for a summer clerkship, let alone a full time job. The entire day was basically a waste of time. Talking with some of the other attorneys during breaks, they were saying the same thing.
At the other end of the spectrum, the typical Carolina student seems to have gotten much stronger. I think the smarter kids now recognize the value of the reduced debt load, so are steering towards the lower cost option. Wake and its tuition are left with the leftovers.