People are always going to use their money to buy status. So as long as these college offer prestige & status, people with money are going to use it to get in. Much like doping in sports, you have two paths you can take: try to combat cheating, or accept the cheating as part of the game. I think these universities should accept that they are providing an education, but they are selling prestige, and split their admis…
Nobody is complaining about fairness or that it happens, let it happen but be open and honest about these transactions so other market participants can behave accordingly.