I agree. We have tons of kids in the San Joaquin Valley , Montana plains, Eastern Washington, inner LA, etc who should have a chance... but they don’t bring the same money.
And that's supposedly part of the value proposition of elite schools - mix wealthy and connected students with bright students with ideas.
There's plenty of international students on financial aid too, I think it's doing them a disservice to say they're only being admitted for the revenue. Maybe at larger public institutions with tens of thousands of students, but I don't think that's generally the case at the smaller elite schools we're talking about