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Betsey A Stevenson and Justin Wolfers

Why Top Colleges Miss Great Students

The real crisis in American higher education is that our best colleges never see a large chunk of our smartest students.

In an important recent study, the economists Caroline Hoxby and Christopher Avery found that very few high achievers from low-income families ever apply to top colleges, and that the missing applications from these kids largely explain why they’re underrepresented at our leading universities.