Do other students benefit from the overrepresentation of the wealthiest 0.1% at T20s and top SLACs?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

That was Georgetown 30 ago too. It just wasn't on Instagram.

Elite private colleges have a lot of wealthy students and some of them have a lot of wealthy international students like Georgetown.

Seems very different than Duke, no?

Go look at the Instagrams from the Duke polo matches and see.

Duke doesn't have a polo team

Okay, so maybe young polo fans should choose a different college.

What are the good colleges with Polo teams? My kid likes horsies.

It seems in general the children of the NYC Wall Street elite and the offspring of Chinese and Middle Eastern wealth don’t really add a lot to anyone’s college experience. They stick together and don’t really engage with professors or the plebes who are the children of people with a net worth below $50 million. I’m sure there are exceptions, but they’re not really there for the education or the wanting of a good job. But it’s awesome they fill the Art History and Anthropology departments and keep them alive. Not even being cynical. We need them. Every Art History professor would agree.

So for low subscribed majors, we need the 0.01 percent. Give them the easy As so the academics can get on with their research.

Gatsby mom

[Anonymous]

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

Pretty slick but what is with the smoking? What kind of idiot is smoking in this day and age?

It's enjoyable and fun when you're in your 20s. I did my share of smoking back then, like a lot of my friends (all UMC private school kids). Gasp, guess what, we're all just fine and dandy 25 years later. I don't care for the smell and have no interest but I'm not getting hysterical over a college kid enjoying a cigarette.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

Pretty slick but what is with the smoking? What kind of idiot is smoking in this day and age?

It's enjoyable and fun when you're in your 20s. I did my share of smoking back then, like a lot of my friends (all UMC private school kids). Gasp, guess what, we're all just fine and dandy 25 years later. I don't care for the smell and have no interest but I'm not getting hysterical over a college kid enjoying a cigarette.

No one is hysterical. I've had the enjoyable fun experience of losing a dozen relatives young to smoking related cancers. But you go ahead and enjoy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

Pretty slick but what is with the smoking? What kind of idiot is smoking in this day and age?

It's enjoyable and fun when you're in your 20s. I did my share of smoking back then, like a lot of my friends (all UMC private school kids). Gasp, guess what, we're all just fine and dandy 25 years later. I don't care for the smell and have no interest but I'm not getting hysterical over a college kid enjoying a cigarette.

No one is hysterical. I've had the enjoyable fun experience of losing a dozen relatives young to smoking related cancers. But you go ahead and enjoy.

Half a dozen I meant. It's a bad way to go.

[Anonymous]

Anonymous wrote:I was looking over the NYTIMES tool (it is a bit outdated now from 2017) which breaks down different college's enrollments by income level. It was shocking how much the students from the top 0.1% of families in terms of income were overrepresented. They often comprised 2-3% of the school's enrollment - meaning 20-30 times more likely to attend!

-

Does this provide a benefit for other students not from this economic level in terms of friendships, future business connections, or even relationships? I know this POV sounds silly, but I wonder if the possibility of rubbing shoulders with students from this kind of economic background is part of the allure of attending these colleges and universities.

It depends. What do the other students bring to the table?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

Pretty slick but what is with the smoking? What kind of idiot is smoking in this day and age?

It's enjoyable and fun when you're in your 20s. I did my share of smoking back then, like a lot of my friends (all UMC private school kids). Gasp, guess what, we're all just fine and dandy 25 years later. I don't care for the smell and have no interest but I'm not getting hysterical over a college kid enjoying a cigarette.

No one is hysterical. I've had the enjoyable fun experience of losing a dozen relatives young to smoking related cancers. But you go ahead and enjoy.

I knew someone would come along and say something like this. Like all things in life it's about moderation. A 40 year pack a day isn't moderation. Doctors are pretty clear on the length and volume of smoking that needs to happen (yes, I've had conversations and been laughed in my face by highly respected doctors who told me not to worru). I haven't touched a cigarette in nearly 20 years. At the same time I haven't turned it into a moral flaw either. College kids are far more likely to suffer bad outcomes from excessive drinking than enjoying a cigarette at a polo event.

[Anonymous]

Anonymous wrote:We are liquid 30 million with another 12 million in real estate and 45 million in deferred compensation and do not feel like the uber wealthy.
Or at least we don’t live like it.

My kid definitely sees the billionaire kids at their Ivy and we are on the outside of that wealth.

There are maybe 100-200 billionaires with kids in college right now. The group is too small to be a stand alone group.

If your family is worth 30 million in liquid assets and you are not playing in their reindeer games it is because you don't really want to or you have crippling shyness. Nobody is excluding you from anything because of lack of family wealth when you have that much.

[Anonymous]

Anonymous wrote:I was looking over the NYTIMES tool (it is a bit outdated now from 2017) which breaks down different college's enrollments by income level. It was shocking how much the students from the top 0.1% of families in terms of income were overrepresented. They often comprised 2-3% of the school's enrollment - meaning 20-30 times more likely to attend!

-

Does this provide a benefit for other students not from this economic level in terms of friendships, future business connections, or even relationships? I know this POV sounds silly, but I wonder if the possibility of rubbing shoulders with students from this kind of economic background is part of the allure of attending these colleges and universities.

Yawn. Don’t folks get tired of asking the same questions over and over again?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I was looking over the NYTIMES tool (it is a bit outdated now from 2017) which breaks down different college's enrollments by income level. It was shocking how much the students from the top 0.1% of families in terms of income were overrepresented. They often comprised 2-3% of the school's enrollment - meaning 20-30 times more likely to attend!

-

Does this provide a benefit for other students not from this economic level in terms of friendships, future business connections, or even relationships? I know this POV sounds silly, but I wonder if the possibility of rubbing shoulders with students from this kind of economic background is part of the allure of attending these colleges and universities.

Yawn. Don’t folks get tired of asking the same questions over and over again?

You leave your bubble whatever it looks like and you go off to college and you get to see everybody else's bubble. It's one of the lessons of college outside of the classroom and there's nothing wrong with discussing it.

[Anonymous]

Anonymous wrote:I was looking over the NYTIMES tool (it is a bit outdated now from 2017) which breaks down different college's enrollments by income level. It was shocking how much the students from the top 0.1% of families in terms of income were overrepresented. They often comprised 2-3% of the school's enrollment - meaning 20-30 times more likely to attend!

-

Does this provide a benefit for other students not from this economic level in terms of friendships, future business connections, or even relationships? I know this POV sounds silly, but I wonder if the possibility of rubbing shoulders with students from this kind of economic background is part of the allure of attending these colleges and universities.

The benefit is the donations these families provide.

[Anonymous]

My kids can move in any circle. They have been around it all. From poverty kids/foster care, middle class to the kind that have a private jet. Going to public school and then private HS and being around some of their parents friends who made ridiculous $ the past 30 years. The thing is- they don’t care whether someone has $ or not—it’s always been the person. They were raised to value the person. There are a—holes and douches and good, genuine people at every price point. Some of the richest people I know are also some of the most unassuming. You wouldn’t immediately guess it.

My firstborn is at an Ivy- and he had a pretty diverse group of friends. It’s not $ based.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are liquid 30 million with another 12 million in real estate and 45 million in deferred compensation and do not feel like the uber wealthy.
Or at least we don’t live like it.

My kid definitely sees the billionaire kids at their Ivy and we are on the outside of that wealth.

There are maybe 100-200 billionaires with kids in college right now. The group is too small to be a stand alone group.

If your family is worth 30 million in liquid assets and you are not playing in their reindeer games it is because you don't really want to or you have crippling shyness. Nobody is excluding you from anything because of lack of family wealth when you have that much.

Yeah, but the PP’s comment was made up. So there’s that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

Pretty slick but what is with the smoking? What kind of idiot is smoking in this day and age?

It's enjoyable and fun when you're in your 20s. I did my share of smoking back then, like a lot of my friends (all UMC private school kids). Gasp, guess what, we're all just fine and dandy 25 years later. I don't care for the smell and have no interest but I'm not getting hysterical over a college kid enjoying a cigarette.

My kid and Ivy friends all smoke at parties. It's a thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

Pretty slick but what is with the smoking? What kind of idiot is smoking in this day and age?

Euro and Middle East still smoke. A Lot.

That whole crew was middle eastern

Georgetown has a sizeable wealthy Middle Eastern international student population because of their campus in Qatar (visibility). The academics aren’t too hard for them and GU needs the $$$. Carnegie Mellon, on the other hand, is too rigorous and STEM heavy for them. Not enough opportunities to signal wealth there.

I say this as someone from the Middle East, on my mom’s side.

If you're in Georgetown, rest assured, a flaunting Middle Eastern international student is nearby.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did anyone go to the Georgetown Polo Match this weekend and see the crowd?

https://www.instagram.com/reel/DXDMxSgDsig/

This is college today.

Pretty slick but what is with the smoking? What kind of idiot is smoking in this day and age?

It's enjoyable and fun when you're in your 20s. I did my share of smoking back then, like a lot of my friends (all UMC private school kids). Gasp, guess what, we're all just fine and dandy 25 years later. I don't care for the smell and have no interest but I'm not getting hysterical over a college kid enjoying a cigarette.

My kid and Ivy friends all smoke at parties. It's a thing.

Well yes. There are a lot of kids at Ivies who aren't particularly sharp.