Documents Show How Top Colleges Secretly Admit Terrible Students, as Long as They’re Wealthy

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First filed in 2022, the antitrust lawsuit initially identified more than a dozen schools like Georgetown, Massachusetts Institute of Technology, and Cornell and alleged they took part in a "price-fixing cartel" to secretly ensure that children of wealthy donors were admitted while saving on financial aid for students who needed it.

Though the applicant was initially deferred, extensive communications between DeGoia and the student's parents resulted in their placement on the so-called "President's List".

"In fact," that spokesperson, Kimberly Allen, told the NYT, "our records reflect that the children of wealthy individuals routinely receive disappointing news from [MIT]".

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Article Details

Author / Journalist: Noor Al-Sibai

Category: Technology

Markets: United States

Topics: Academia College Wealth Future Society

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 14:11:04 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Futurism

News ID: 24552866

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