The Plutocratic University
The University world is often viewed as a meritocracy on all levels, whether faculty advancement or student marks. And while some realize that (in the past) it has been really the wealthiest who tend to go to the most prestigious institutions (just due to the price tag), the trend will become more pronounced with next year's incoming class at universities around the country. Indeed, the cost of university education has been increasing at an alarming rate for a long time now, but the economic crisis will now exacerbate the divide between the haves and have nots in terms of university admissions policies. As the NYTimes reports , universities with shrinking endowments are taking the ability of a student to pay fully in cash into admissions considerations, turning the meritocracy increasingly into a plutocracy. Socio-economic diversity will be reduced, and, since unfortunately so often socio-economic diversity is linked with ethnicity, ethnic diversity is likely to decrease in pri...