Top 10 Elite Colleges for Richest Students in the United States
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| Top Elite Colleges For Richest Students In The US. Photo: KnowInsiders.com |
According to a new study released recently by Opportunity Insights, students with parents in the top 1% of income are overrepresented in elite colleges.
According to a Harvard economist study, those in the top 1% were 34% more likely to get into college than other applicants, while those in the top 0.1 percent were 50% more likely to get in even with the same ACT or SAT scores.
The top three reasons researchers discovered this to be the case are schools' preferences for students with family members who have previously attended the school, recruited athletes, and nonacademic ratings for students from private schools.
Nonacademic ratings are based on the personality and extracurricular activities of the student. The top 0.1 percent are 1.5 times more likely than the middle class to have higher non-academic ratings.
Higher admission rates are associated with three factors: legacy preferences for children of alumni, higher non-academic ratings, and athletic recruitment.
In this article, we will show you leading schools in the US that are called elite schools for richest students in the US.
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Top 10 Elite Colleges For Richest Students In The US
The list of 10 elite colleges for richest students in the US include 8 schools (from 1 to 8) from Ivy League and two others.
1. Brown University
Brown University, located in Providence, Rhode Island, is a research university known for its rigorous and flexible open curriculum, which allows students to design their own course of study. The institution is extremely selective, with an acceptance rate of only 8%, and the average student has a 1440-1520 SAT or 32-35 ACT score.
| Students who attend Ivy-Plus institutions come from affluent families in large numbers. While only 10% of students from middle-class families who score at the 99th percentile on the SAT/ACT attend an Ivy-Plus college, 40% of similarly high-scoring students from the top 1% of the income distribution do. According to the authors, this higher admissions rate results in an additional 103 students admitted from the top 1% of a typical Ivy-Plus class (of 1,650 students) compared to a theoretical benchmark in which students are admitted at the same rates across the parental income distribution based on their test scores. |
2. Columbia University
New York City is home to Columbia University. Columbia University was ranked first in the Best Colleges for Philosophy in America, second in the Best Colleges for English in America, and second in the Best Colleges for Performing Arts in America in Niche's 2020 Best Colleges.
The university has hundreds of study areas and over 200 research centers and institutes. Columbia University is even more selective than Brown University, with a 6% acceptance rate and average students scoring between 1450 and 1560 on the SAT or 33-35 on the ACT.
3. Cornell University
Cornell University is located in Ithaca, New York, and has a large undergraduate enrollment of over 15,000 students. Biology, business, and computer science are among the most popular majors. According to Niche's 2020 Best Colleges, it ranked first in America for Best Colleges for Agricultural Sciences and third in America for Best Colleges for Architecture. Cornell University has an acceptance rate of 11%, with an average SAT score of 1390-1540 and an ACT score of 32-34.
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4. Dartmouth College
Dartmouth College is located in Hanover, New Hampshire, and is ranked as the best college in the state. With slightly more than 4,000 undergraduate students, it is a relatively small school when compared to other Ivy League schools. Dartmouth is quite selective, with a 9% acceptance rate, and accepts students with SAT scores ranging from 1420 to 1560 and ACT scores ranging from 31-35.
5. Harvard University
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| Harvard University |
Harvard University is the most well-known Ivy League institution. It is a medium-sized school in Cambridge, Massachusetts, with approximately 7,000 undergraduate students. Harvard is also a very competitive school, with a 5% acceptance rate. Accepted students typically have SAT scores ranging from 1460 to 1580, and ACT scores ranging from 33 to 35.
According to Niche's 2020 Best Colleges, Harvard is ranked first in biology and second in political science. University of the People (UoPeople) is a Collaborating Colleges member of Harvard Business School Online (HBS Online). Harvard Business School Online provides an innovative online platform that brings the Harvard Business School classroom to you, providing a unique and highly engaging way to learn critical business concepts. This
6. Princeton University
Princeton University is situated in the city of Princeton, New Jersey. The university was founded in 1746, making it the fourth oldest in the United States. It is a medium-sized university with approximately 5,000 undergraduate students and, like Harvard, has an extremely competitive acceptance rate of only 5%.
Computer engineering, public policy analysis, and economics are among its most popular degrees. It is ranked second among American colleges for studying political science and public policy analysis. SAT scores range from 1440 to 1570, and ACT scores range from 32 to 35.
7. University of Pennsylvania
The University of Pennsylvania, also known as "Penn," is located in Philadelphia, Pennsylvania. It is a large school with an average of 10,000 undergrad enrollments and a competitive acceptance rate of 8%. Nursing, economics, and finance are among the most popular degrees at Penn, which is ranked as the best business school in the country. The average SAT score range is 1420-1550, and the average ACT score range is 32-35.
8. Yale University
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| Yale University |
Yale University, located in New Haven, Connecticut, is a research and liberal arts university. It is ranked first among colleges in America with the best professors and first among colleges to study history. It has a 6% acceptance rate and accepts students with an average SAT score of 1460-1570 and an ACT score of 33-35.
9. Stanford University
When The New York Times (via Raj Chetty at Harvard University) decided to investigate the issue of wealth and higher education a few years ago, the figures for Stanford University were startling:
| More than half of Stanford undergraduates come from families in the top 10% of wealth in the country. The top 5% accounted for 39% of the total. The top 1% accounted for 17% of the total. And the top 0.1 percent contributed 3.5 percent. |
10. University of Chicago
The University of Chicago is the home of the fearless pursuit of truth. Our rigorous pursuit of knowledge, combined with their distinctive form and style of education, has established us as one of the world's most influential institutions of higher learning.
Conclusion
Children from America's wealthiest families are more than twice as likely as middle-class kids with the same grades to attend an elite university. Rich children had a better chance of admission to elite schools because admissions tutors favored legacy candidates, athletes, and other nonacademic credentials.
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