<p>How much would my chance of getting into college increase if both my parents went to that college for ph.D (dad) and masters (mom)??</p>
<p>Depends on the school. At some schools, you are not considered a legacy unless your parents received their undergrad degrees at the school. At other schools (ex. Penn) the legacy tip is only good during ED.</p>
<p>Addition:</p>
<p>NYU says this concerning legacies:</p>
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<p>As we all know, our university has a remarkably small endowment; no NYU student comes in expecting much in the way of a scholarship. Of course, one source of endowment money is alumni donations, where we are also notoriously lacking. </p>
<p>NYU admits to giving the occasional student a preference based on legacy. If the parents of legacy students were actually more likely to donate money to their alma mater after a child gets their acceptance letter, some might say the university could work on attracting its legacy students to continue their family traditions. </p>
<p>Yet not only has the concept recently come under fire as potentially unconstitutional, but it seems that university revenues are relatively unaffected by how many legacy students they do or do not accept.</p>
<p>Washington</a> Square News - Recession shouldn’t affect NYU’s economic diversity
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<p>In addition to what Sybbie wrote, all legacies are not equal. It will also depend on your parent's involvement with the school since graduation. Whether they've been active in interviewing or fundraising and whether they've contributed generously.</p>