The legal way the rich get their kids into elite colleges: Huge donations for years

  • 📰 latimes
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 82%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

As a national college admissions scandal continues to generate public outrage, there are still plenty of wealthy parents who get their kids into school the old-fashioned way — by spending lots of money legally.

At the very far end of the affluent-applicant spectrum are those whose families donate large sums to a university. But buying that sort of advantage costs more than it ever has, said Sklarow of the Independent Educational Consultants Assn.

The process is more of a wink and a nod rather than an outright quid pro quo. A parent might call a school’s development office to let them know their child is applying, and that they’ve always been big contributors to the college. The development office will then do some research to determine what size gift the family would probably contribute.

Colleges are more dependent than ever on big donations due to declines in federal research aid, state funding and grass-roots alumni giving, Golden said. “We’re not talking about donating a building so that a school is more likely to take your son or daughter,” he said. “We’re talking about deception and fraud.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Guess all those Asian kids at UCLA donated money huh? Oh wait, hard work and actually doing well in school counts too

When can we expect the “journalists” at the to do some real investigative reporting? Dig into tedlieu stealing campaign donor funds to grease Stanford’s palm to admit his son...

Meh. It’s just a rigged system. Rigged. Corrupt. In need of change.

This is pathetic. I know for a fact, yes, a fact that kids who actually have their family names on buildings at USC were not admitted. You’re nothing but lying, trash, yellow journalism. Do your homework before you spew nonsense

Many children from wealthy backgrounds don't even go to college.

Private universities do not get state subsidies. They rely on tuition, philanthropy, intellectual property, and research grants to fund themselves. How do you propose they make up the revenue if they stop accepting philanthropy?

Money makes power. Educatemyass

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in EDUCATİON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The legal way the rich get their kids into elite colleges: Huge donations for yearsAs a national college admissions scandal continues to generate public outrage, there are still plenty of wealthy parents who get their kids into school the old-fashioned way — by spending lots of money legally. As a teacher, I consult for free. Well at least we all know what we suspected is actually true. Most of those super rich kids would never have gotten in without mommy and daddy’s money. Those Ivy leaguers that you were thinking that you are smarter than? Well you are. Nice to know we weren’t all crazy. Because being rich and white isn't enough, these folks want bottle-service exclusivity for their dullard offspring.
Source: latimes - 🏆 11. / 82 Read more »

The Irony Of The Elite College Admissions Bribery ScandalThe irony of the elite college admissions bribery scandal is that getting admitted into an elite school through dishonest means won't help you earn more money. Research has produced surprising findings on what really matters. Nice Wealth Inequality in America Forbes is just awful, so awful
Source: Forbes - 🏆 394. / 53 Read more »

College admissions scandal: Does attending an elite school mean you'll earn more money?The college admissions scandal comes down to money. Graduating from elite schools translates into better jobs and higher salaries, most people think. If the best brain are recruited for jobs, the so called elite college may not matter much. Duh? Might tend to..
Source: YahooNews - 🏆 380. / 59 Read more »