Bragging rights
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The kids "achievements" are just accessories anyway, not actual skills for the kids sake
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People were talking about it at the time, and the conclusion was that getting into college (and a good one) was both a status symbol for the parents, and a social necessity for the kids. None of them cared about education, but they did care about being seen to get one.
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I realize these parents regard Ivy League education as a status symbol not diff from a multi-million $ mansion. They want to brag about their kid “earning” their spot in some prestigious school.
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Prestige. Illusion of meritocracy.
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