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College and University Discussion
Reply to "Are top private colleges mainly for poor people now?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The opposite is true, according to the new research by Stanford economist Raj Chetty and co-authors.They show that 14.5% of students in America’s elite universities (eight Ivy League colleges, University of Chicago, Stanford, MIT, and Duke) are from families in the top 1% of income distribution, compared with only 3.8% from the bottom quintile. That’s a dramatic overrepresentation of the richest Americans.[/quote] But think about it. We are talking about a 320k education. Why would the very poor and the very rich be equally represented? Also there are many moor poor people than very rich people so while very rich people are of course over represented [b]they seem to be very much outnumbered by lower income people [/b]on campus. [/quote] ? You have a 4x better shot at bumping into someone whose family is in the top 1% than in the bottom 25%. How are they “very much outnumbered”?[/quote]
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