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> Is it fair that a child from a better-off family is more likely to enter better academic institutions regardless of their merit?

At the point of admission, the merits of our two imaginary college kids are not same, even if they started out "the same". The current system, that only looks at objective test scores, is actually blind to anything but merit. You seem to be making the same strawman mistake you described: No one claims that rich kids can buy their way into elite schools, but rather that they can buy better education along the way.



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