I disagree. When watching some interviews of Yale students before, there was a frequent pattern of students responding, "I'm just a legacy student." to indicate

I disagree. When watching some interviews of Yale students before, there was a frequent pattern of students responding, "I'm just a legacy student." to indicate that they're from a family of graduates paying full tuition, distinct from the merited students that are on some sort of scholarships and aid. You have to consider that, as much as we'd all love think being smart is reliably inherited, it's not reliable at all. Not saying I'm opposed to their system. So-called "legacy students" are how the school is primarily financed, allowing subsidies for merited students. Without legacy, it goes bankrupt. Without merited, the degree loses value.