This was reported by Harvard’s “The Crimson”. Since it does not reflect well upon the College, I would expect that they would not be able to publish this if it were questionable. They have been reporting this for years. In any case, yes, most kids do know what their parents’ income rank happens to be. They may not know their parents’ income, but they know whether their parents are in the $250,000-$500,000 a year range or higher. Since the kids from families who are making under $250,000 have the possibility of some financial aid, they know how much their parents make.
My main point is still that the legacy preference isn’t really strong, unless you are from a very wealthy family.
An interesting statistic:
The percent of the top 1% in the student body:
Harvard (considers legacy) - 15%
Yale (considers legacy) - 19%
Princeton (consider legacy) - 17%
Stanford (considers legacy - 17%
Upenn (considers legacy) - 19%
Brown (considers legacy) - 19%
Dartmouth (considers legacy) - 21%
Columbia (considers legacy) - 13%
Cornell (considers legacy) - 10%
MIT (does not consider legacy) - 5.7%
I’m pretty sure that the top 1% apply to “elite” universities at a much higher rate than their relative numbers in society, and that they do have many benefits that are not available to middle class Americans. However, they do not really have many benefits in preparation over the rest of the top 5% or 10%.
Another interesting statistic is that, for every colleges but MIT, the top 1% were overrepresented among the top 1% at twice or more the rate that the rest of the 5% were overrepresented. At MIT, both groups had the same overrepresentation (x5.7).
Another college with very low acceptance rates which does not consider legacies is Caltech. The percent of the top 1% there is only 3%, even though they have a higher percent of students from the top 20% than Columbia, Cornell, Dartmouth, or even Harvard. Harvey Mudd College, on the other hand, considers legacy, and they have 13% from the top 1%.
Of “elite” public universities:
UMichigan (considers legacy) - 9.3%
UVA (considers legacy) - 8.5%
Berkeley (doesn’t consider legacy) - 3.8%
UCLA (doesn’t consider legacy) - 4.3%
Only Georgia Tech doesn’t fit - it considers legacy, but only has 3.1% from the top 1%.
However, it really doesn’t matter all that much. The fact that 6% or 7% of the incoming classes of the “elite” colleges are rich legacies who aren’t as good as the rest of the students is annoying for parents and students who are really good but are being rejected. However, these are the kids whose families donate a sizable chunk of the cash which keeps these colleges running as they do.
If the AOs are building a class, and making sure that every student brings something important, these students are the ones who bring the funding.
Besides, having 100 or so extra places would only increase the acceptance rates of everybody else by perhaps 0.2%. That will be washed out by another small increase in the number of applicants.