Earlier quoted context omitted.
I'm generally opposed to this kind of acceptance-of-bad-things but in this case I kinda agree. If people are willing to pay millions to go to college, that's potentially a great advantage to students who otherwise have trouble affording it -- let the rich kids subsidize it for everyone else. By not funneling the donations through weird under-the-table transactions it can be more directly used for a net good for the s…
> I'm generally opposed to this kind of acceptance-of-bad-things but in this case I kinda agree. If people are willing to pay millions to go to college, that's potentially a great advantage to students who otherwise have trouble affording it. That's true until the University is so rich that it no longer has any need to acquire any more money. Harvard has a $40 billion investment fund. No amount of rich kids are going…
Harvard benefits from the prestige of its alum network, and admitting the children of wealthy parents ensures a certain level of influence/access to said parent.