<p>From an article in Yale’s alumni magazine:</p>
<p>Nationwide, the well-off are more likely to enjoy the amenities and expectations that encourage academic achievement. In 2010–11, 35 percent of American students at four-year state and private colleges received Pell Grants, the main type of federal aid for low- and moderate-income students. But at Yale College, the percentage of Pell Grant undergraduates over the past decade has hovered between 10 percent and 16 percent. Only 831 students enrolled in Yale College last year came from families below that $65,000 threshold. That figure, 15 percent of the student body, is virtually unchanged from Tynan’s and my class over a decade before it. (the author is a prep school kid, Tynan a rural poor kid both Yale '06)</p>
<p>In the class of 2017, an additional 16 percent of the student body comes from families making between $66,000 and $120,000. The remaining 69 percent of the class comes from families that earn more than $120,000 per year. These proportions have only fluctuated by a percentage or two over the last several years, meaning that across the entire undergraduate student body last year, over two thirds came from America’s top economic quintile.</p>
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<p>So clearly well-off kids are not being shut out by poor kids. They are being shut out by some other very well-off kids that make up 69% of Yale’s class, as well as the moderately well off making more than $65K per year. </p>