For the vast majority of students applying to top schools, the odds of acceptance pivot based on how much money their parents make. The old adage that "if you're poor and smart, you can write your own ticket" is simply no longer true. In college admissions, money counts. There's a web of college admissions policies and practices whose import is to trip up the low-income but talented student. The so-called legacy preference, which gives added weight to applications from sons and daughters of alumni, is essentially affirmative action for the wealthy student. And in highly selective colleges, even the athletic preference gives an admissions edge for athletes in sports that are dominated by the...
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