Facing fallen endowments and needier students, many colleges are looking more favorably on wealthier applicants as they make their admissions decisions this year.What an admission. That rich people have a leg up on the rest of us. Who knew? Nothing like setting up a permanent over-class.
The problem is that education is getting so expensive, even as schools have hundreds of millions in endowment. They could use part of that endowment money and make tuition almost free, but they want to exclude people, not on merit, but on means.
George W. Bush went to Yale and Harvard. End of story.
Source: NYT
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