At elite colleges, more students come from the top 1 percent than the entire bottom 60 percent, according to a new study. While roughly one in four of the wealthiest students attend elite schools, including five Ivy League schools, graduating college helps "level the playing field for students of all socioeconomic backgrounds," according to Inside Higher Ed.
The Equality of Opportunity Project, based on millions of anonymous tax filings and tuition records from individuals in their 30s sheds light on the economic diversity (or lack thereof) of colleges' student bodies. The study reveals that the economic bottom 40 percent of students has "remained mostly flat for a decade" at elite colleges. While the Obama administration and Congress have extended Pell eligibility, "new [...]