Too much of our education discourse focuses on a handful of tiny elite schools.
Over at Slow Boring, Matt Yglesias writes that if Ivies really wanted to promote social justice, they would let in more poor kids instead of fiddling with the name of the English department. Of course, he’s right. Elite schools let in mostly rich kids, because they have every incentive to do so. These schools all give out need-based financial aid, which means that rich kids are a profit center (they pay full price), while poor kids are a cost center (they get a free ride). Even a nonprofit business likes to maximize profit centers and minimize cost centers, so of course the Ivies try their hardest to let in rich kids. Also, given America’s low economic mobility, rich kids are highly likely to become rich adults, and rich adults give big gifts to their alma maters — another important source of income for top schools. So of course these schools aren’t trying to educate the poor. What incentive do they have to do so?
But on a more fundamental level, how much does any of this really matter? How central are the Ivies and other elite private schools to our educational system in the U.S.? And how much would it change our country if they changed their admissions policies?
