4 ms·
Oh really? And how would one access the fair market value of an admission to Harvard?
by spaced-out 6y ago
Oh really? And how would one access the fair market value of an admission to Harvard?
- js2 6y agoI have no idea, but Stanford has an office for it. I assume Harvard does too. This is all completely besides the point of my comment. One of these things is bribery and corruption. The other may be unfair and people have reason not to like it, but it's above board. You want to pick nits over my use of the word donation and the fair market value of admission, go ahead.
- lotsofpulp 6y agoIt’s not above board as a donation qualifies for a tax deduction whereas payment for services rendered does not. It is also corruption.
- danans 6y agoWell, the bribes paid in this scandal were on the order of a few hundred thousand dollars paid per admission. Another way to look at it is to look at the total cost of fully private preparatory primary and secondary schooling for a child, in programs that groom them to maximize their chance for admission (what a lovely childhood that sounds like). That's probably about half a million dollars, give or take, depending upon where you live. So I'd guess it's somewhere in that ballpark of 200k-500k. I don't know what the median size of donation-based admissions is though.