Reply to Wealth, privilege and college admissions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are going to see more and more reports like this, and school like the Big 3 are going to take college admissions hit as a result.  It won’t happen overnight, but it will happen.  Slowly but surely, it will happen.

https://www.axios.com/local/washington-dc/2023/08/07/georgetown-admissions-advantage-report[/quote]

I doubt it. Because the big 3 are dominated by wealthy kids. Going to elite colleges. Why would that change? The reports just revealed what was already long known, if unofficially. [/quote]

Are you dense?  Being “long known” is one thing.  Being talked about and criticized in the open is another.  There will be more and more pressure on colleges to rethink how they evaluate candidates, especially with the demise of race-based admissions.  This will only hurt, not help, private school applications.

It’s kinda cool.  [/quote]

It will not change.  Someone has to pay for college.  These students do.  No I do not think there will be any hit.  If anything I think this group will grow for most colleges not shrink.[/quote]

Only if the market crashes. Endowments have ballooned in the past couple of years. If anything, schools now have more freedom to ignore wealth in admissions. [/quote]

Endowments do not work that way.  Remember endowments are meant to last for several hundred years.  You make very few decisions in any given year that really impact the endowment.  At best schools pull 2.5 to 4% a year from their endowment.  The market is good this year but even if you had 500 million in gains you have maybe 10-15 million in new spending.  That is already earmarked for something else.   A building, lab, more land, dorm.  And colleges would not spend all of that because they know the market moves up and down.

Full pay kids are the lifeblood of almost every school.  Nothing will change.[/quote]

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