Earlier quoted context omitted.
If you ban legacy, then you lose needed donations. If you lose donations, then costs go up for everyone else. There is a net benefit for everyone when there are academically challenged wealthy children. Just keep standardized testing to prevent mass arbitrary admissions that will inevitably become racist. https://priceonomics.com/do-elite-colleges-discriminate-agai... It’s happened in the past to Jewish people and it…
Elite institutions like MIT, Yale, Stanford, Princeton and Harvard do not need more donations. Look at the worth of theirs endowment funds at the end of 2021 : Harvard 53G$ Yale 42G$ Stanford 37.8G$ Princeton 37G$ MIT 27.4G$ Can you honestly tell me that they need more donations ?
I remember how during the pandemic there was a number of articles about how these schools might have to take out some small pittance of the endowment to fund certain things and the schools were all doom and gloom about it.