Billionaires, multimillion-dollar gifts and college admissions—this is how it works:
, do admit that legacy students and the children of wealthy donors, among others, have a leg up on the rest of the population. According to a statement from Harvard, recruited athletes, children of Harvard graduates, applicants on the dean’s or director’s list and the children of faculty and staff, comprise 29% of admitted students.
But to what degree do donations—or the potential for donations—make it more likely that a student will gain admission? According to Mandee Heller Adler, who founded International College Counselors and who has consulted billionaires and millionaires on how their kids can get into college, wealth is one of many factors, albeit an influential one.
All standards aren’t thrown out the window when a school reads an application submitted by a billionaire’s kid, though. Adler says she’s worked with wealthy families whose children were rejected because of low test scores or grades. She contests the assertion that rich families can buy their kid’s way into elite schools.money,” she says. “They’re not selling spots to the highest bidder.”
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