[longtimegoogler]

I've long thought the same. I've often thought that the University system in Europe, in particular Germany, is a much better model for higher education.

From what I gather, admissions is entirely merit based there and money isn't an issue.

It isn't just the Ivies that cater to the rich and elite. Many other private universities also do so and promise alumni connections and wealth, think Vanderbilt, Williams, etc.

Even when I was applying to colleges as an undergrad I found it a bit off-putting and instead only applied to public universities.