American universities are getting more expensive every year. It is not a secret that a lot of students can’t afford most colleges, they have to get loans or sometimes base their choices on the financial aspect and not looking for the most suitable school for them. Each year, US colleges get two kind of reports. The first, from the Equality of Opportunity College.
The 2017 outcome is that many top universities, including Princeton and Yale, admit more students from the top 1 percent of earners. The second report comes from U.S. News and World Report and it ranks the best colleges in the country. The two reports are related and the overall outcome is that schools favor wealthier students over less wealthy applicants. According to Brit Kirwan, former chancellor of the University of Maryland system: “We are creating a permanent underclass in America based on education — something we’ve never had before.”
The result is that the less wealthy students cannot even hope to get into Ivy League schools because they know they have a very low chance to even get accepted. As a result, poor kids stay poor and cannot even hope for a better education to get wealthier in the future and not having to deal with the same issue for their future kids. The whole system as a result doesn’t give the same opportunity to succeed to everyone. Those who start rich have more chances to stay rich or becoming richer. Those who were less lucky, will most likely stay like that.