Privilege vs potential in college admissions

This is a myth. From memory, somewhere between 300-600 kids get a perfect SAT score. Harvard admits about 2000 kids a year. Harvard, and most other elite schools, couldn’t admit a freshman class of perfect SAT scores if they wanted to. Caltech might come the closest, but with a total undergrad enrollment of less than a thousand students, they have one of the smallest class size to fill.