[seanmcdirmid]

Born Stanford and Harvard provide very generous financial aid packages to those that "get in" but aren't rich. The problem is getting in requires a lot of prep and achievement long before the college application is submitted, and that's where the rich get their leg up. And at the end of the day, that is still worth something to employers.

[bovitclan]

The claim is not that colleges provide no value, but that going to college is not a reliable indicator of anything but privilege. Using it as an indicator of intelligence or work ethic, especially as being more intelligent and hard working than someone who got their degree from University of Phoenix, doesn't work. It's just buying into the narrative that rich people must be rich because they're smart.

[twobuy]

I think the parent comment was referring to Harvard/Stanford's need-blind admissions & full financial aid packages.