> The other side of the argument is that if the facade is not there, if they only admit rich people… I believe the point was that these schools don't need to a

> The other side of the argument is that if the facade is not there, if they only admit rich people… I believe the point was that these schools don't need to accept subsidized student loans or other forms of federal funding. That doesn't mean only admitting rich people; they have enough resources to offer student aid to bring in the academic overachievers on their own, thus maintaining their reputation without federal help.