re: You be the admissions director

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The Ivies have been openly doing the opposite for decades. Rich kid with an ACT score of 25 gets in over poor kid with ACT of 34. Especially if the rich kid's daddy went to that school. School wants to get the rich kid's money.

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Taking your example, and understanding the vast majority of ivy admissions are brilliant students, the coalescence of connections and capability could be a better catalysis for their success than a student body comprised of uniformly high capability without those connections. I think that's the concept. If the model is expected to generate a litany of political, social, and business leaders, the money should take care of itself.