![]() 03/12/2019 at 15:40 • Filed to: trade school: the place to be | ![]() | ![]() |
!!! UNKNOWN CONTENT TYPE !!!
Lori Loughlin and Felicity Huffman amongst many
busted by FBI
for racketeering in college admissions pay-for-play
sting. Seriously people, the best advice I got about colleges - go to the place that will have you, work hard and make the best of it. Don’t understand why you would spend millions to go to a particular school, or if you were prepared to do so why you wouldn’t just donate the money for a building and cut out the middleman.
![]() 03/12/2019 at 15:49 |
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Laws and Rules are for poor people.
Also: It’s not illegal if you don’t get caught.
![]() 03/12/2019 at 15:51 |
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Yep sadly this is true. Until the FBI gets involved 20 years later, and lets the perps plea to parking in a spot with an expired meter, with a
corresponding $15 fine.
![]() 03/12/2019 at 15:54 |
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A l ight sl ap on the wrist should do it. Don’t need to put them away for 25 years like that one poor person who stole a candy worth $5 .
![]() 03/12/2019 at 15:56 |
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Man, how much would it suck to pay that much money, have your kids called out by their peers and profs that they paid their way in and are actually dumb and probably get kicked out of the school too!
Rhetorical question. It would suck a lot, but they had it coming.
Although this way of gaining admissions is illegal, it is perfectly legal to directly donate money to a University and go through a much more welcoming admissions process. I guess this is open to the super rich, not regular rich. And don’t forget the good one-two alumni kid+donations admission combo.
Besides, if my parents had $250k plus Ivy League school tuition money to spend on me, I’d rather they just give me the money instead of paying a bribe.
$250k would last me a good 3.5 ish years.
![]() 03/12/2019 at 15:57 |
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why you wouldn’t just donate the money for a building and cut out the middleman.
I believe the racketeering scheme in question was targeting a criminally under-served demographic, the “lower-upper” class. It’s the segment who’s rich enough to afford a $1M McM ansion and $250k Bentley, but not so rich as to be able to buy a $40M library a Yale.
![]() 03/12/2019 at 15:59 |
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![]() 03/12/2019 at 16:01 |
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They’re acting like their children are smarter than they are.
![]() 03/12/2019 at 16:02 |
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yeah i mean, $250K invested conservatively is like $1000 a month. I mean one could work menial jobs and still do alright long term.
![]() 03/12/2019 at 16:04 |
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Because now a degree is meaningless unless it’s from a nationally-recognized elite school. With most schools, you’re just a schmuck with the equivalent of a high school diploma 30+ years ago, meaning your work prospects are not that great unless you expect to stay in your metro area or state for life ...
![]() 03/12/2019 at 16:13 |
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The reason they got caught is because they used athletics to get the kids in, if they had just done the generational endowment donation
we never would have heard of it.
![]() 03/12/2019 at 16:14 |
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If you can guarantee admission to Yale for $500,000, you buy that immediately.
![]() 03/12/2019 at 16:16 |
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This is nothing really new. You’ll see more schools getting nailed for this. It always seems like USC is involved in anything involving money. From paying football players to this.
People forget that all universities and colleges are businesses first and foremost. If there is a way to get money the schools are always for it. That’s why the alumni association has a lot of weight in decision making around campus.
![]() 03/12/2019 at 16:17 |
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Maybe I lived in CT too long, but I wouldn’t pay $3.50 to go to Yale. It’s not a great school academically, it’s basically just a mixer for the upper-class that occasionally requires you to write “
papers.
”
![]() 03/12/2019 at 16:19 |
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I would venture that even the elite school diploma does nothing for you unless you have an “in” at a potential employer.
You could go to SUNY-Oswego and get a great paying low-effort
job somewhere if your parent was the head of an investment bank.
![]() 03/12/2019 at 16:19 |
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Helicopter parents with money...
Always knew that Full House mom was shady - ha!
![]() 03/12/2019 at 16:20 |
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SUSPICIONS: CONFIRMED
![]() 03/12/2019 at 16:20 |
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Oh, it’s a terrible place to learn something . It’s an amazing place to make friends, get a sweet consulting job, and attend Yale alumni events at the country club.
![]() 03/12/2019 at 16:21 |
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And this is the problem. It is a mixer, and that’s often what matters : who you know, not what you know .
![]() 03/12/2019 at 16:25 |
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Totally agree -
I definitely spent some time there when I was in college to hang out with friends. A couple of buddies were high up in the Yale Daily News, they were ostensibly students but didn’t really go there either and never hesitated to tell me I got a way better education somewhere else. They were basically there to work at the paper and make connections.
![]() 03/12/2019 at 16:28 |
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Not disagreeing - I met some great people when I visited friends at
Yale, and I met some who weren’t qualified to be Wal-Mart greeters but will go on to be vastly more successful, better looking and wealthy than I will.
![]() 03/12/2019 at 16:30 |
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If I ever become rich, I’m going to make a large donation to get a place named the “Thornton Mellon School of Business” just to make a small subset of the population look at it and make this face:
![]() 03/12/2019 at 16:31 |
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Yep as others have pointed out - these are the wealthy who are too poor to build a new building on campus.
![]() 03/12/2019 at 16:33 |
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The I.P. Freely School of Urology
![]() 03/12/2019 at 16:47 |
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The ovarian lottery is definitely a thing. No one paid for my college (or gave me any kind of assistance when testing, applying & choosing), but I was born white, to educated parents, in a time and place were I had good options for education that didn’t make me rack up a ton of debt, and have had plenty of good fortune along the way (after early stumbles). Considering how lucky I’ve been , it’s crazy to consider how vastly more fortunate the super-rich are compared with the way I came up, and how massive the gap is from the top of the top to the bottom of the bottom.
![]() 03/12/2019 at 19:51 |
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I had the same though. "Clown school of business" or "Poop School of Education". Make the acceptance criteria so that they can't change the name either.