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College and University Discussion
Reply to "In your opinion, how should the elite colleges decide conduct admissions?"
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[quote=Anonymous]NP. On the taxpayer argument: I don’t think these institutions should be non-profits given how they currently conduct business. They are essentially large and powerful hedge funds at this point, with a marketing arm that is designed to build their brand. They want obscure admissions because it benefits them financially, not because it makes the education better or does any good in the world. They act like a business. Let them be taxed like a business. If they want to retain non-profit status, they need to be fully transparent with respect to admissions. But this world where they want the benefit of non-profit status while acting as ruthlessly and with as little transparency as a large Wall Street fund is not right. [/quote]
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