Suppose a top 1% family and bottom quintile family were equally likely to attend Vanderbilt. You’d expect the bottom 20% families at Vanderbilt to outnumber the top 1% families by 20 to 1 since there are 20x more bottom 20% families than top 1% families in the United States. Rather than the expected bottom 20% outnumbering top 1% by 20 to 1 at Vanderbilt, instead the top 1% outnumber the bottom 20% by 12 to 1. So a top 1% family is 12x20 = 240x more likely to attend Vanderbilt than a bottom 20% family. The full information for Vanderbilt is below.
Inflation Adjusted Median Family Income – $221,000
Share of students from top 1% – 23%
Share of students from top 5% – 47%
Share of students from top 20% – 70%
Share of students from middle 60% – 28%
Share of students from bottom 20% – 1.9%
Also note that the above stats are not from the most recent class. Several of the colleges listed in my earlier post have made key changes that will likely influences their placement. For example, WUSTL is less need aware, Cooper Union no longer gives a full tuition scholarship to all admits, etc. Vanderbilt’s most recent class may differ from above.
Yes, I abbreviated most schools to one word, which may cause confusion. Loyola refers to Loyola U in Maryland, not the one in Chicago, New Orleans, or Loyola Marymount.