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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]I don't understand the premise of this thread. Folks keep pulling opinions out of their A** when numerous people have posted links to various studies indicating that like 70%+ of the students at the top schools are from families in the top 20% of income. Peel the onion a bit and 14% are from the top 1%, so 56% of students are in the 2%-19% of top incomes. Top 20% income is ~$150,000/year per person, so $300,000 HHI. So, 56% of students come from $300,000 HHI, 14% of students come from $800,000+ HHI. None of this leads me to believe that top private colleges are only for poor people.[/quote] For starters, I think your figures are wrong. $150k is a HHI threshold for top 20%. https://www.brookings.edu/?simplechart=the-top-20-of-households-get-more-than-half-of-all-pre-tax-income-and-pay-an-even-larger-share-of-all-federal-taxes#:~:text=Each%20quintile%20contains%20one%20fifth,as%20making%20%24153%2C301%20and%20up. [/quote]
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