It’s no secret that the rich have an outsized role in Ivy League colleges, both as students and alumni. But a new study, by a group of Harvard-based economists, documents in detail just how much elite private education in the Untied States favor the ultra-wealthy. As the New York Times reports, “At Ivy League schools, one in six students has parents in the top 1 percent.” The rich enjoy disproportionate access to these schools due to a mixture of legacy admission, sports admissions for specialized sport programs (like fencing), and weight given to personal essays as well as letters of recommendation.
In a very real sense, elite private universities are a major pillar of plutocracy, allowing a narrow caste to hold on to social and political dominance that goes hand in hand with their economic wealth.
Matt Bruenig of the People’s Policy Project has written an excellent summary of the report. For this episode of The Time of Monsters, I talked with Matt about the problem of inequality in higher education. We take up possible reform policies and also the possibility that these institutions might be inherently harmful to democracy. This leads to a discussion of possible measures to nationalize elite private schools and absorb them into a proper and robust public education system.