Attention Economy


Friday, November 18, 2016

Money, Power and America's Elite Universities

The dirty little secret of America’s elite universities:
Daniel Golden, author of ‘The Price of Admission’ notes -
“My book exposed grubby secret of American higher education: that the rich buy their underachieving children’s way into elite universities with massive, tax-deductible donations. It reported that New Jersey real estate developer Charles Kushner had pledged $2.5m to Harvard University not long before his son Jared was admitted to the prestigious Ivy League school, which at the time accepted about one of every nine applicants. (Nowadays, it only takes one out of 20.)
I also quoted administrators at Jared’s high school, who described him as a less-than-stellar student and expressed dismay at Harvard’s decision….
At Harvard, Jared Kushner majored in government. Now the 35-year-old is poised to become the power behind the presidency. What he plans to do, and in what direction he and his father-in-law will lead the country, are far more important than his high school grades.”