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i've felt that in visiting upenn, they have a flashier show of wealth....a lot of duke kids have money. some duke kids have a lot of money. no one really flaunts it around.
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I agree with this completely. Schools with lots of "new money" kids (UPenn, WashU, Emory, George Washington, etc.) will go out of their way to show off their flashy clothes and brag about how great they are. Schools with "old money" kids (Princeton, Duke, Vanderbilt, etc.) learn from an early age that money is not something you show off. They tend to dress more conservatively and are well-put together, not flashy at all.