Rich parents have plenty of ways to game the US education system

[Yo_Mama_Been_Loggin]

In the American blood sport of college admissions, the rich have long had more levers to pull.

It starts as early as a private kindergarten ($20,000 to $50,000 a year depending on location), then to boarding school (another $50,000-plus) and continues with tutors, consultants, test prep and exotic trips that become fodder for college essays.

Big donations also help get children admitted, whether to encourage a legacy decision at one’s alma mater or even at schools one didn’t attend, as when Charles Kushner gave $2.5 million to Harvard before his son Jared matriculated.

The wealthy have always had an edge, but the revelation that dozens actually paid to grease their kids’ way underscores what many parents feel in their bones: the college admissions process has become an escalating contest where money often wins.

In the latest scandal, parents paid bribes of $100,000 to $6.5 million to guarantee their children got into top schools, including Yale, Stanford, the University of Southern California and Georgetown.

Among the accused are Douglas Hodge, the former chief executive officer of Pacific Investment Management Co.; William McGlashan, managing partner of TPG Growth; Robert Zangrillo, the founder of private investment firm Dragon Global Management; and actresses Felicity Huffman and Lori Loughlin, according to a complaint Tuesday. Athletic coaches, exam administrators, counselors and test-takers also are alleged to have participated.

https://www.msn.com/en-us/money/careersandeducation/rich-parents-have-plenty-of-ways-to-game-the-us-education-system/ar-BBUHavo?li=BBnbfcN

[msongs]

1. then the kids grow up to like eric and donald jr nt

[MyOwnPeace]

2. And "Sweet Betsy Devos"

is there to help them along!

[allgood33]

3. Why do they even go to college anyway? They have enough money to start any business they want.

They can learn anything on their own time. No one requires a degree from them to work. They game the employment system the same way they do the education system. Enough is enough but for them it isn't enough.

[CTyankee]

4. It's the contacts that they make in such elite schools as Yale.

And a fraternity culture opens access to a vast number of alumni which in turn improves access to a successful career. That gives one a clear advantage right out of the gate.

And if they are starting a business, they have better access to capital in the alumni ranks. They have good reasons to attend a world class university.