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Rags to Rags - Riches to Riches

Ragi "Rags Riches Rags&Pches Institutions of higher learning-especially elite ones- often pride themselves on the way they extend opportunity to all prospective students. Talking of grants, scholarships, and federal aid, they promise that anyone who wants to can come study with them, regardless of economic class. Sadly, this couldn't be farther from the truth: recent studies have shown that the richest colleges also admit the most wealthy applicants, while pushing students who really need elite education aside. In other words: they're help- ing rich kids get richer, and making sure poor kids stay that way. Poor students have a much harder time getting into college than wealthy ones. 784 44% The average difference between the SAT scores The percentage of low income, high-SAT score high schoolers who enroll in 4-year colleges. of a wealthy student and a low income student. Of high income students age 24: 59% graduate college 41% do not But of low income students age 24: 12% graduate college 88% do not Since 1980: 45% more of the richest quarter of the population earn degrees. 2% more of the poorest quarter of the population earn degrees. At the top 200 universities, the problem is the most severe. Top college popula- tion by income: by 67% richest 25% of Americans 33% everyone else Admission policies of the top 200 universities: 28% more likely to accept more likely to accept 45% children of alumni non-Asian minorties 20% more likely to accept siblings and grandchildren of alumni 0% more likely to accept children from low income families In certain cases, poor students are explicitly disadvantaged: Acreptad !! ఇ్యాం I in 20 college applicants will increase their chances of admission by not applying for financial aid. The 50 wealthiest schools in the nation aren't doing anything to solve the issue. PELL 56% The percent increase of nationwide distribution of Pell grants in the last four years. The federal grant awarded to low income students. They're a good indica- tor of how many poor students go to a school. However, Pell grant distribution among the top schools is terrible, and it's staying the same. Top numbers reflect the percentage of students enrolled with Pell Grants. Bottom numbers reflect the growth in the amount of said students over 2o04-1008. University of Pennsylvania Yale 8.0% 8.9% -0.5% -0.5% Washington U. (St. Louis) Northwestern University E 5.7% 8.3% UNIV -0.4% -0.3% 1851 Duke Harvard 9.3% 6.5% -1.2% HARVAN +0.6% Poor students benefit from elite education the most. Studies have shown that the economic advantages of attending a selective college are dramatically greater for students from low-income families than The least selective colleges spend $12,000 per student. The most selective spend $92,000 per student. 54% OF THE TOP for wealthy students. 4,000 US corporate leaders gradu- ated from just 12 top colleges How much the students pay: EARNINGS ARE 45% At the wealthiest 10% of institutions, students pay 20 cents for every one dollar spent on them. At the poorest 10% of institutions, students pay 78 cents for every higher for alumni of selective schools across the board one dollar spent on them. Graduates of Highly Selective Colleges: All nine Supreme Court Justices The Last Four Presidents CEO, General Electric CEO, Goldman Sachs CEO, Google CEO, Exxon Mobil CEO, Wal-Mart Online Created by: OnlineSchools.Org OS SCHOOLS http://www.nytimes.com/2011/05/25/business/economy/25leonhardt.html!src-ISMR_AP_LO_MST_FB http://chronicle.com/blogs/innovations/to-raise-graduation-rates-focus-on-poor-and-working-class-kids/29474 http://chronicle.com/blogs/innovations/do-legacy-preferences-count-more-than-race/28294 http://online.wsj.com/article/SB10001424052748703961104576148300569701940.html?nmod-WSJ_hp_MIDD LENextto WhatsNewsForth http://economix.blogs.nytimes.com/2011/05/24/bchind-the-rise-in-pell-grants/ http://www- 958.ibm.com/software/data/cognos/manyeyes/datasets/pell-grants-at-the-countrys-wealth-4/versions/1 http://www.washingtonmonthly.com/college_guide/blog/where_poor people_dont_go_to_c-php http://www.washingtonpost.com/wp-dyn/lcontent/article/2010/05/21/AR2010052101847.html http://www.nytimes.com/2011/05/25/business/economy/25leonhardt.htmlisrc-ISMR_AP_LO_MST_FB SITY (P

Rags to Rags - Riches to Riches

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American society prides itself on being a meritocracy, particularly with the fruition of the 'American Dream' being achieved by individuals from all types of backgrounds. Success today typically invol...

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