8. Stanford University – Rich & Ambitious Kids
With undergraduate fees easily topping $60,000 each year, many of Stanford University’s students in California are extremely wealthy. The New Yorker recently referred to this university as “Get Rich U” because it feeds so many bright grads into Silicon Valley. The reason that Stanford is full of kids from wealthy families is most likely because of its “legacy admissions” policy. As mentioned in its recent alumni magazine, “the percentage of alumni children admitted to Stanford is roughly three times the overall percentage of acceptance”. It’s all about money – if you’re an alumni and you’ve donated money, there’s probably a better chance that your kid will get in too.
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