Rich Parents and Student Admissions
Just 6% of American undergraduates attend colleges that accept less than a quarter of their applicants, leaving the vast majority unaffected. Moreover, most academic analyses of the socioeconomic impact of a bachelor’s degree from highly selective colleges have failed to quantify just what it is that they add. Although these universities’ alumni do have unusually high incomes after leaving college, they also had unusually strong high-school qualifications before they went.
