This encouraging article suggests that universities are truly starting to recognize the strengths of homeschoolers.
This quote is what really sold me on the idea that yes, universities understand where homeschoolers are coming from, and why they are such strong candidates:
It occurred to [Russell Jamison, dean of the engineering school] that home-schoolers’ inquisitive, self-directed learning style — an educational model that often gets lost in the highly structured “problem-set oriented” environment of traditional high schools, he says — was particularly well suited to engineering. The school holds an annual open house for home-schoolers to get them interested in both engineering and Virginia Commonwealth. (One thing Mr. Jamison has learned, he says, is that when you plan a home-schooling event, the whole family shows up. At this fall’s open house, he included robot-building activities for elementary-school-age siblings.)
Now, how cool is that?