Education

Ivy League colleges favor rich kids for admission

A recent study found that children from the wealthiest families are more than twice as likely to be admitted to Ivy League schools.

Driving the news: The research was done by Opportunity Insights, which looked at eight Ivy League universities, in addition to Stanford, MIT, Duke, and the University of Chicago.

• These elite colleges admit children from families in the top 1% at more than twice the rate of students in any other income group with similar SAT or ACT scores.

Why it matters: Practices that give more advantage to students who already come from privilege limits the ability of other students to achieve those successes in life.

Big picture: Attending an Ivy League college has long-lasting benefits, including boosting an alumnus’s chances of reaching the top 1% of income by 60%, almost doubling the likelihood of entry into an elite grad school, and tripling their odds of being hired by a top firm.

• Elite schools have collectively produced more than 4 in 10 U.S. presidents and 1 in 8 CEOs of Fortune 500 companies.

Between the lines: Students from middle-income families are the least likely to be admitted to an Ivy-plus college with applicants averaging a 10% acceptance rate versus 40% and 20% for those from the richest, and poorest U.S. families respectively.

Moving forward: Although some fancy private colleges have ended legacy admissions, many will likely resist giving up practices that favor admitting students whose parents are more likely to pay tuition and give donations to pad their endowments.

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