| * allow people to pay millions to go to college; allow this to fund student aid for other students. Explicitly stop using it to build buildings Most elite colleges (not the UCs though) offer 100% need-based aid to accepted students and are need blind in the admissions process. This comes directly from the endownment or the rich alumni and donors already. * stop having all of these overfunded and weirdly inappropriate sports institutions as a core part of academia. I completely agree. * stop with massively-inflated grades that allow the rich-but-undercapable kids to graduate with the appearance of successful academics. They can buy their way in but they have to do as well as everybody else after that. They do have to do as well as everyone else. Grade inflation is a school-wide phenomenon, but GPA in general is a poor indicator of academic performance: all of the prospective med school students at my school are being advised to apply to colleges which practice grade inflation. The grading system at colleges is taken into account by graduate and preprofessional programs. * ensure that the influx of money from rich kids' applications doesn't go to administrators in any way, as that would incentivize them to over-prioritize these people. The admissions office is somewhat decoupled from the rest of the institution, and receive fixed salaries -- this problem does not exist. |
With the little weird caveat that poor students at top institutions have to work doing things like cleaning the bathrooms of the richer kids as part of their "term-time work expectation" for receiving financial aid.