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Founder @ B1 Financial, B One Management LLC | Equity Trading, Portfolio Management

📚 Interesting insight: Elite colleges and universities give admissions preference to wealthy students, hindering socioeconomic diversity. 🔍 Insights: - Reforms are needed to promote socioeconomic diversity on elite campuses. - A few college presidents could have a significant impact on changing admissions practices. - Maintaining diversity without considering race in admissions decisions is a challenge. - Efforts to promote economic diversity have focused on lower-income students, neglecting the middle and upper middle class. - Reforming admissions processes, such as halting legacy admissions and preference for non-academic achievement, could add more students from lower-income families. - Leadership, extracurricular activities, and personality traits are given added importance, favoring students from private high schools with affluent student bodies. - Tradition and money often prevent administrators from making changes to admissions practices. - Institutions rely on tuition from high-income students to balance their budgets, making it difficult to overcome the admission bias towards wealthy students. - Students from the top 1% of household earnings are twice as likely to attend elite colleges, greatly impacting their future opportunities. 💭 My thoughts: This research highlights the need for reform in the admissions practices of elite colleges and universities. While promoting economic diversity is important, we must also address the biases that favor students from wealthy backgrounds. It is crucial for colleges and universities to prioritize merit and equal opportunities for all students, regardless of their socioeconomic status. ❓ How can we encourage elite colleges and universities to implement meaningful reforms to promote socioeconomic diversity? Share your thoughts! #education #admissions #diversity #socioeconomic #equality https://lnkd.in/eV4X9FwR

Ending legacy admissions at Ivy League schools could have a ‘significant impact on the diversity of the American elite,’ researchers say

Ending legacy admissions at Ivy League schools could have a ‘significant impact on the diversity of the American elite,’ researchers say

marketwatch.com

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