Attention Economy


Wednesday, March 13, 2019

Wealth and College Admissions - UPDATED




What the College Scandal Says About America’s Elite

College Admissions Scandal: Actresses, Business Leaders and Other Wealthy Parents Charged

The Legacy Admissions Problem

Tyler Cowen notes:
“First, these bribes only mattered because college itself has become too easy, with a few exceptions. If the bribes allowed for the admission of unqualified students, then those students would find it difficult to finish their degrees. Yet most top schools tolerate rampant grade inflation and gently shepherd their students toward graduation. That’s because they realize that today’s students (and their parents) are future donors (and potential complainers on social media). It is easier for professors and administrators not to rock the boat. What does that say about standards at these august institutions of higher learning?”

The Grade Inflation Problem