There are many possible lessons that can be drawn from this new study on elite college admissions but however you slice the data, it reveals that it’s very good to be rich if you want to get into a top school. Take a look at this graph. The x-axis is parent’s income. The y-axis is half-as-likely to be admitted up to twice-as-likely to be admitted.There are all sorts of caveats here but the basic idea is that people who all scored the same on the SAT have a much higher chance of getting in if they are in the top...