Lack of socioeconomic diversity is also a potential cause for this phenomenon. While institutions such as the Naval Academy and the Military Academy are free to attend, other schools such as Babson College charge steep tuition, leading to a disproportionately wealthy student body.
According to the National Center for Education Statistics, 90 percent of students at private 4-year colleges are awarded aid. At Babson College, however, just 44 percent receive aid. If your family is able to afford to pay $68,428 a year for you to attend Babson, the odds are already stacked in your favor.
Other research has been conducted that highlights schools that do a terrific job of creating mobility for students. Stanford professor Raj Chetty and Harvard economist Nathaniel Hendren found that mid-tier public schools were actually the best at helping move students from the bottom fifth of income distribution to the top fifth.
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10 schools where students study the least