Ivy colleges favor rich kids for admission, while middle-class students face obstacles, study finds
CBSN
Admission to an Ivy League college or a similarly elite institution like MIT is often seen as a golden ticket offering entry into academic institutions that have collectively produced more than 4 in 10 U.S. presidents and 1 in 8 CEOs of Fortune 500 companies.
But that ticket is far more likely to be handed out to students who are already privileged irrespective of their academic credentials— the children of the top 1% of U.S. income earners, a new analysis finds.
"Ivy plus" colleges — the eight Ivy League colleges along with MIT, Stanford, Duke and University of Chicago — admit children from families in the top 1% at more than twice the rate of students in any other income group with similar SAT or ACT scores, according to the new analysis from the Opportunity Insights, a group of economists at Harvard University who study inequality. Families in the top 1% of earners typically have annual income of around $611,000, the researchers said.
After four days of voting, with more than 400 million people eligible across 27 countries, European voters have pulled the bloc's 720-seat parliament farther to the right than it has ever been. The European Parliament, for the next five years, will now have a record number of far-right legislators. Far-right parties made gains in Europe's top three economies — Germany, France and Italy — with gains by politicians who campaigned against immigration, against support for Ukraine and against climate policy.
Apple's annual Worldwide Developers Conference is typically a springboard for the company to announce new tech features for its software programs, and not as flashy as its yearly September event to trumpet its latest iPhone rollout. But this year, the WWDC could be a make-or-break moment for the tech giant.