Except with legacy admissions it's not even about who your family is, but cold hard cash.
It's something like 5x harder to get in as a legacy needing financial aid than legacy that can pay their own way. That they begrudgingly let some poor legacy in over randos is just window dressing.
Aptly named, legacy is a vestige of the way things were done before student loans; you can go to college if you can pay for it.
It's an open secret that an applicant who requires need based aid is at a huge disadvantage when applying to elite schools.
you can go to college if you can pay for it
I actually think student loans for degrees that materially improve the student's employment prospects are a good idea. The problem is that Uncle Sam will gladly loan an 18 year old retard a quarter million dollars to get a PhD in gender studies from an overpriced private school. They need to restrict the loans to people getting useful degrees at affordable state schools, and maybe private schools that are similarly affordable.
They should have student investments instead of loans. Like you give some kid money for college and you get a % of their income for 10 years afterwards.
Then merit would take care of itself. You'd have blackrock scouting the projects for that one actual genius that'll make millions because they'd get a cut. Profit only sees green not black/white/yellow.
Except with legacy admissions it's not even about who your family is, but cold hard cash.
It's something like 5x harder to get in as a legacy needing financial aid than legacy that can pay their own way. That they begrudgingly let some poor legacy in over randos is just window dressing.
Aptly named, legacy is a vestige of the way things were done before student loans; you can go to college if you can pay for it.
It's an open secret that an applicant who requires need based aid is at a huge disadvantage when applying to elite schools.
I actually think student loans for degrees that materially improve the student's employment prospects are a good idea. The problem is that Uncle Sam will gladly loan an 18 year old retard a quarter million dollars to get a PhD in gender studies from an overpriced private school. They need to restrict the loans to people getting useful degrees at affordable state schools, and maybe private schools that are similarly affordable.
They should have student investments instead of loans. Like you give some kid money for college and you get a % of their income for 10 years afterwards.
Then merit would take care of itself. You'd have blackrock scouting the projects for that one actual genius that'll make millions because they'd get a cut. Profit only sees green not black/white/yellow.
... so this is the Biden administration complaining about nepotism?
Are they trying to reclaim the "irony is dead" thing from Kissinger?