If you haven’t been boycotting the news this week, then you’ve probably heard about the big“Federal prosecutors charged dozens of people on Tuesday in a major college admission scandal that involved wealthy parents, including Hollywood celebrities and prominent business leaders, paying bribes to get their children into elite American universities.”
Parents are getting plenty of messages that an Ivy League, or equally elite, college education is a must-have for wealth and success. For example, the.” The chart showed that Ivy League graduates far out-earned their peers from other schools: “The median annual earnings for an Ivy League graduate 10 years after starting amount to well over $70,000 a year. For graduates of all other schools, the median is around $34,000.
But it isn’t true. In fact, a closer look shows that it is the students who make the money magic happen, not the schools. It isn’t that thearticle is wrong on the salaries. The issue is to whom and to what to attribute all those earnings. What really matters is the student. Perhaps the most fascinating finding of the study is that there is a far stronger correlation between earnings and the average SAT scores of the most selective college a student applies to than there is between earnings and the average SAT of the school a student actually attends.
Everyone is against Elite preferential treatment in college admissions and everyone is for Affirmative Action preferential treatment in college admissions. Preferential treatment should not exist in any form, it should all be based on merit.
Yes, I'm sure this story will make the 800 kids that didn't get in feel better.
Wealth Inequality in America
Forbes is just awful, so awful
Nice
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Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »