Wow - 7 in 10 high achieving/low income students are white...says a lot of affirmative action in this country based on skin color alone. With that said, I think there are a few things that need to be addressed:
This just in - 7 of 10 students are also white.
Unless you know someone that went to a top school or work in a high end industry, you will never really be exposed to the importance of your college rank.
That and you basically have to know someone or be a "legacy" student like Dubya to get into a top school AND have some way of paying for it.
Tell me who can afford 4 years at Harvard-
"Tuition $37,576
Health Services Fee $930
Student Services Fee $2,360
Room $8,366
Board $5,264
Subtotal
$54,496
Estimated Personal Expenses $3,454
Estimated Travel Costs $0-$5,000
Total billed and unbilled costs $57,950 - $62,950
In addition, health insurance coverage is required at a cost of $2,168 unless the student is covered under the family's health plan."
As Richard D. Kahlenberg '85 of The Century Foundation has pointed out, legacy preferences are not a mere tiebreaker between equally capable candidates. Legacy status increases an applicant's chance of admission by 19.7 percent for a given SAT score range. At the California Institute of Technology, which does not favor legacy applicants, legacies make up a mere 1.5 percent of the student body. At Harvard, 12-13 percent of students are legacies.
You can say what you want about the "housing effect" (I'm guessing white kids' friends don't do drugs, or drop out, or anything like that)but there are darn few low income kids, black or white, who can afford that quarter million for a basic degree, or just a 125,000 if you get all the grant money you can.