Tuesday, February 23, 2021

Ivy league

Many experts agree that one of the best ways to reach income equality is through education. Most of the effort to improve opportunity is in the K-12 area but what about higher education. If you graduate from an Ivy league school you are looking at a bright future. Let's look at Harvard which data shows is representative of these school. The family income of the average Harvard student is $168,000 while the average American family income is $68,000. Harvard has $40 billion dollars in its endowment fund. Wouldn't equity demand that more students from low income families be admitted. Shouldn't Harvard seek out low income families. What if the other Ivy league schools that also have large endowment do the same thing. Overtime as thousands make their way through these exclusive school rising incomes would follow them and the income gap would become smaller. The average starting salary for an Ivy league grad is $90,000.

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