We celebrate universities as great societal equalizers. They seek to weave together a smart, hard working and diverse cross-section of the young population. They send thousands of graduates each year on a path to elite opportunities in tech, finance, academia, etc. It’s often called a young person’s American Dream. But it’s not that rosy. Elite schools are the gatekeepers of high society. It’s never been harder to get into, let alone afford, an Ivy League college. The Ivy League collectively ...

We celebrate universities as great societal equalizers. They seek to weave together a smart, hard working and diverse cross-section of the young population. They send thousands of graduates each year on a path to elite opportunities in tech, finance, academia, etc. It’s often called a young person’s American Dream. But it’s not that rosy. Elite schools are the gatekeepers of high society. It’s never been harder to get into, let alone afford, an Ivy League college. The Ivy League collectively ...