No change in elite college low-income enrollment since 1920s

"Students with parents from the bottom 20 percent of the income distribution have consistently made up approximately 5 percent of the student bodies at these institutions throughout the last century."

"It's nothing new that wealthy colleges with low admission rates enroll a vastly disproportionate number of wealthy students; a 2017 report found that many of the colleges featured in the NBER study enrolled more students from the top 1 percent of wealth earners than from the bottom 60 percent."

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