<p>The answer as to where they are going - wherever they want to. People with that kind of money don’t <em>need</em> to agonize that their kids won’t “make it” if they don’t get into HYPSM (or whatever subset of elite colleges you desire to pick). They can send their kids to Decent Flagship State U with frats and football games and those kids will do just fine in life. They’re already born on third base and have connections.</p>