It's an advantage to have peers who are also upper middle class and who can afford to take 3 years of risk. But it's probably a much bigger advantages to have

It's an advantage to have peers who are also upper middle class and who can afford to take 3 years of risk. But it's probably a much bigger advantages to have 'Harvard' on your resume. And FYI it's not 'the money' quite as much as the 'stability, support and fallback cushion'.