<p>Completely agree with Pelican Dad, although do not agree with the article at all! Unfortunately my hometown paper likes to come up with articles like this. It completely undermines the previous article they had on the 1% - <a href=“The 1 Percent Paint a More Nuanced Portrait of the Rich - The New York Times”>www.nytimes.com/2012/01/15/business/the-1-percent-paint-a-more-nuanced-portrait-of-the-rich.html?pagewanted=all</a>
which discusses the geography of the 1%, with Stamford being the highest $amt to be in the 1% (900+K), Atlanta around 350K, etc.
If we take those numbers into consideration, then compare them to the cut off for financial aid at most colleges of 250K, then we look at the top college breakdowns of students on financial aid - bet 65-85%, then the only conclusion we can come up with is that actually it’s not the 1% of the wealthiest students that make up the majority of these institutions.
I do agree with the article about the fact that the 60K and below group is underrepresented in colleges.</p>