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Reply to "Read it and weep: this is how rich kids get into the Ivy League"
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[quote=Anonymous][quote=Anonymous]Here’s what gets me: $480k for the admissions counseling $240k for private high school $360k for the Ivy $1m for the eight year process. How would that ever pay off? If you’ve got $1m, why not “go to public high school then a state flagship and I’ll put $800k in trust for you”?[/quote] Managing director positions or even research heads can make low seven figures in one year. Maybe these parents have made that calculation. Or more likely, the parent is an MD or other bigwig and can spend that money with no sweat - and still put away money for the kid. [/quote]
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