Chinese Family Reportedly Paid $6.5M for Spot at Stanford
nytimes.com
nytimes.com
Jokes about the wealthy/elite getting their offspring admitted to schools in exchange for "buying buildings" or making considerable donations to school endowments have been around far longer than me, and I'm 50.
At what rate do the offspring of apex elite attend top tier schools?
Does that all work on merit?
Did Chelsea Clinton truly deserve her acceptance to Stanford when her father was President? I assume so....
Or was it a much better executed version of Libyan dictator Qaddafi's son and the London School of Economics scandal?
To me it seems these things have always happened.
The only surprise, I think, is when people think they are amongst the elite to whom most rules don't apply, but they're really just part of the super affluent and risk being made examples of.
Think of this as a theft from the university and student body by the person accepting the money. The quality of the student body goes down but the university doesn’t get the benefit they’re supposed to.
Given the prevailing attitudes and pedigrees of the non-scholarship students, I'm surprised it took this long for the public to realize how elite institutions operate.
Furthermore, I don't think people appreciate that going to an elite institution isn't concerned much about academic rigor, rather it's about networking and getting a pedigree "certificate of authenticity." I'd be willing to bet around half of students cheat as there can be no proctors per the honor code and guess around 10-15% of students buy their way through school.
Universities are a business; elite universities are also status reaffirmation factories.
But if you're that rich, what's the benefit? It's not like your child will have trouble finding a job, you could even pay someone to employ them.
Also does anyone know what kind of degrees the kids of rich people who paid to get them in get? I doubt they're graduating with a Master's in Physics.
The people who strive and exceed can accomplish great things. Those who are born to greatness may maintain it. But if they dont remember why their lineage strived it can all be lost.
The main source of outrage between the current scandal and school donation quid-pro-quo is the brazenness of individualized graft. Before, the rigging of the admissions game had a level of indirection and spatial-temporal separation that seemed amenable and subtle.
However, this money was not paid to the school to buy a spot. It was paid to a white collar criminal who falsified data in order to make it look like the kid "deserved" to get in Stanford.