Colleges Accepting More Idiot Offspring of the Rich
Great, let’s accept the less-qualified kids of the rich, so they can get their college degrees, and hopefully, one day go into finance where they can screw up the entire economy all over again…
KATE ZERNIKE, NY Times: In the bid for a fat envelope this year, it may help, more than usual, to have a fat wallet. Facing fallen endowments and needier students, many colleges are looking more favorably on wealthier applicants as they make their admissions decisions this year.
Institutions that have pledged to admit students regardless of need are finding ways to increase the number of those who pay the full cost in ways that allow the colleges to maintain the claim of being need-blind — taking more students from the transfer or waiting lists, for instance, or admitting more foreign students who pay full tuition.
Private colleges that acknowledge taking financial status into account say they are even more aware of that factor this year. “If you are a student of means or ability, or both, there has never been a better year,” said Robert A. Sevier, an enrollment consultant to colleges.
