College admissions are conducted by allocating a seat to a student based on their preferences and the percentage scored. Students are asked to provide three colleges of their choice. Each college has a quota of $ S $ seats, which can vary per college. Admissions are processed based on the percentage scored and the availability of seats as per the student's choice of preference.

1. Admissions are first granted based on the percentage scored. If there is a tie in the percentage scored, admission is granted based on the student ID, with preference given to the student with the lower ID.

2. In Round 1, all admissions are processed based on students' choices. If a student is eligible for admission to any of the three colleges, they must be admitted. This is binding on the student. The first choice receives first preference, the second choice receives second preference, and so on.

3. In Round 2, all remaining students (those who did not get admitted in Round 1) are processed according to their percentages and in the order of maximum availability of seats in colleges.

The process of college admissions involves multiple criterias including percentage of marks, choice of college, and student's ID. It happens in several rounds and aims at fair inclusion of all students. The traditional importance of SAT or ACT scores is gradually being de-emphasized, promoting equity in higher education.

Explanation:

The subject under discussion refers to the process of college admissions. This process utilizes a unique system that's based on the percentage scored by a student and his/her preferred choice of college. Seats (quota 'S') are allocated based on these criterion, with ties being resolved by considering the student's ID (lower ID given precedence). Admissions occur in rounds; in the first round, top scoring students based on percentage and availability of seats in the preferred college get their admissions. Any remaining students are considered in the second round, where their percentage and highest availability of seats in the colleges are taken into account.

It's noteworthy to mention that the traditional emphasis on standardized test scores (SAT or ACT) for college admissions is diminishing because of a number of reasons. For instance, some researchers argue that these tests are biased against marginalized populations thus reducing their chances of college admissions. Some colleges have even made endeavours to phase out the SAT requirements in their admissions process. This signifies a step towards equating the college admissions process, giving equal chance to all students irrespective of their socioeconomic backgrounds.

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