Earlier quoted context omitted.
My assumption is most Ivy leaguers (specifically undergrads) generally have no monetary constraints after graduating so this very much reads to me as a bohemian “by choice” decision to be more interesting than an actual tragic story.
I graduated from an Ivy and, after graduation, I was (and continue to be, to this day) dirt poor.
The ability required to get into an ivy is so significant I don’t see how someone could fail to make substantial sums if they wanted to.