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Most Chicago kids were turned down from some amazing schools and accepted into other amazing schools. The schools are all amazing and the students who were selected to go there are all amazing.
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And this isn't just a Chicago thing, either. I know plenty of people at HPM who were rejected from other top-tier schools and some lesser-ranked schools. Even Fulbright scholars. And from my experience here thus far, I've seen that the people who denied HYPMS to come here are in no way better than the people who were rejected at HYPMS. In fact, of the people I know, the latter group is probably a more qualified student body than the former, although I'm sure if I knew a wider range of students, it would come out to be about even.