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The elite boarding schools derive much of their reputation & cache from the quality & diversity of their student body-- one cannot simply buy a place in. Here is a family that tried to buy its way into Harvard for the sons, but failed. One of the sons went to BS, but not to one of the most-coveted names.
<a href=“http://www.bostonglobe.com/metro/2012/10/09/chinese-family-lawsuit-former-harvard-professor-promised-admissions-help-took-million/7tfbug9YlmW5LR4EqumIFN/story.html”>http://www.bostonglobe.com/metro/2012/10/09/chinese-family-lawsuit-former-harvard-professor-promised-admissions-help-took-million/7tfbug9YlmW5LR4EqumIFN/story.html</a></p>
<p>Ferrari, on the hand, derives its reputation & cache from styling, engineering & being DELIBERATELY EXPENSIVE. It does not derive its reputation from the “quality” of its customers. Ferraris are available for purchase by ANYONE with money (no GPA, SSAT, nor moral or ethical requirements). I’ve witnessed first hand, a correlation between the number of Ferrari’s on the street and how corrupt a country is.</p>
<p>When affluent families earning 250k a year are eligible for FA, there is no need to feel like a charity case. At the elite schools were tuition covers only half the schools’ operating costs (the balance is made up by donor gifts & earnings from endowment) ALL THE KIDS ARE BEING SUBSIDIZED-- even the fullpay ones.</p>
<p>At my S’s school, everyone knows who the uber wealthy kids are. But generally, no one knows who is receiving FA. No need to feel shame.</p>