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The Price of Admission (Updated Edition): How America's Ruling Class Buys Its Way into Elite Colleges--and Who Gets Left Outside the Gates Paperback – September 25, 2007
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NOW WITH NEW REPORTING ON OPERATION VARSITY BLUES
In this explosive and prescient book, based on three years of investigative reporting, Pulitzer Prize winner Daniel Golden shatters the myth of an American meritocracy. Naming names, along with grades and test scores, Golden lays bare a corrupt system in which middle-class and working-class whites and Asian Americans are routinely passed over in favor of wealthy white students with lesser credentials—children of alumni, big donors, and celebrities. He reveals how a family donation got Jared Kushner into Harvard, and how colleges comply with Title IX by giving scholarships to rich women in “patrician sports” like horseback riding and crew.
With a riveting new chapter on Operation Varsity Blues, based on original reporting, The Price of Admission is a must-read—not only for parents and students with a personal stake in college admissions but also for those disturbed by the growing divide between ordinary and privileged Americans.
Praise for The Price of Admission
“A disturbing exposé of the influence that wealth and power still exert on admission to the nation’s most prestigious universities.”—The Washington Post
“Deserves to become a classic.”—The Economist
- Print length400 pages
- LanguageEnglish
- PublisherCrown
- Publication dateSeptember 25, 2007
- Dimensions5.19 x 0.85 x 8 inches
- ISBN-101400097975
- ISBN-13978-1400097975
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Editorial Reviews
Review
“Deserves to become a classic. . . . Why do Mr Golden's findings matter so much? The most important reason is that America is witnessing a potentially explosive combination of trends. Social inequality is rising at a time when the escalators of social mobility are slowing.”—The Economist
“I didn’t want to believe that rich families and celebrities buy places for their children in America’s best colleges. But Daniel Golden’s evidence is overwhelming. This book should be read by everyone who cares about preserving higher education as a route for developing talent, not rewarding privilege.”—Diane Ravitch, research professor of education, New York University, and author of Left Back
“If you did not attend or do not teach at a prestigious university, do not play polo well enough to pass it on, and do not have a cool million lying around to buy a place in the freshman class, your child might not make it into the school he or she deserves to attend. Daniel Golden explains why in this passionately written and bitingly acute book.”—Alan Wolfe, professor of political science, Boston College, and author of One Nation, After All
“Daniel Golden makes a trenchant and convincing case that admission to America’s elite universities has too often turned into a system for reinforcing wealth and privilege, rather than opening new opportunities. He names names—and test scores, and family donation levels. In the wake of this book, the university establishment has some explaining to do.”—James Fallows, national correspondent, The Atlantic Monthly, and author of Blind into Baghdad
“Anyone who believes that affirmative action for minority students is the big threat to college admissions by merit should confront Golden’s evidence that most elite colleges show much larger preferences for the privileged and the connected. I hope the book helps move colleges toward more equitable practices.”—Gary Orfield, professor of education and social policy, Harvard Graduate School of Education
“Daniel Golden pulls back the curtain on the world of selective college admissions, where the already privileged are the truly preferred. With vigorous prose and artful anecdotes, Golden tells a chilling story of double standards and double crossings. He reminds us that when elite college admissions go to the highest bidders, we all pay the price.”—Lani Guinier, Bennett Boskey Professor, Harvard Law School, and author of Lift Every Voice
“If you or your child is applying to a selective college this year, here's a reading assignment: Pick up a copy of The Price of Admission , a new book by Wall Street Journal reporter Daniel Golden. It'll either give you a useful view into how the elite admissions game works or just leave you disgusted about the whole enterprise. Actually, probably both. Mr. Golden's subject is the root unfairness in the way elite colleges choose who wins the coveted spots in their freshman classes. . . . Mr. Golden, himself a Harvard alum, details the ways colleges chase after the children of the rich and powerful, like paparazzi pursuing Paris Hilton.”—Joshua Benton, Dallas Morning News
“The Price of Admission is perfect for those curious about what goes on in college admissions offices because it shatters assumptions about acceptance to elite colleges. . . . The Price of Admission forces the reader to wonder how affirmative action can be deemed controversial when favoritism of the white and wealthy is overly prominent in elite colleges. . . . [F]or those interested in the injustices in higher education, this book is a must-read."—Kansas City Star
“If you're ‘shocked’ by this, you haven't been paying close attention.”—Boston Globe
“Golden has fun making trouble in the best journalistic sense. . . . The Price of Admission is a powerful reminder that the public will increasingly require selective colleges to defend their preferences; that not all are prepared to make their complex case well; and that some of their practices, finally, seem indefensible today.”—Harvard Magazine
About the Author
Daniel Golden is a senior editor at ProPublica. He was previously a managing editor at Bloomberg News, the deputy Boston bureau chief of The Wall Street Journal, and a reporter for The Boston Globe. The recipient of many journalistic honors, including the Pulitzer Prize and three George Polk Awards, he holds a Bachelor of Arts from Harvard College.
Excerpt. © Reprinted by permission. All rights reserved.
Product details
- Publisher : Crown; Reprint edition (September 25, 2007)
- Language : English
- Paperback : 400 pages
- ISBN-10 : 1400097975
- ISBN-13 : 978-1400097975
- Item Weight : 12.8 ounces
- Dimensions : 5.19 x 0.85 x 8 inches
- Best Sellers Rank: #477,102 in Books (See Top 100 in Books)
- #295 in Education Funding (Books)
- #517 in Sociology of Class
- #4,626 in Higher & Continuing Education
- Customer Reviews:
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About the author

I am a journalist and author, best known for my investigative reporting on higher education. Some college administrators have called me a muckraker or a gadfly, labels that I wear with pride. I won a Pulitzer Prize as a reporter for The Wall Street Journal in 2004 for a series of articles on preferences for children and donors in college admissions. I expanded that series into a critically acclaimed national bestseller, The Price of Admission: How America's Ruling Class Buys Its Way Into Elite Colleges--and Who Gets Left Outside the Gates, It drew renewed attention in the Trump era because of its disclosure that Jared Kushner was admitted to Harvard after his father pledged $2.5 million to the university. A new edition with a chapter on the Varsity Blues scandal was published in 2019.
My second book was Spy Schools: How The CIA, FBI, and Foreign Intelligence Secretly Exploit America's Universities, which was published in 2017. One of my idols, the famed spy novelist John Le Carré, called it "timely and shocking."
My day job is as a senior editor and reporter at ProPublica, where I co-edited a 2019 Pulitzer-winning series about the MS-13 gang. Before joining ProPublica, I worked as managing editor for education and enterprise at Bloomberg News. I edited a series about tax inversions--companies moving headquarters overseas to avoid taxes-- that earned Bloomberg's first-ever Pulitzer Prize in 2015.
Prior to The Wall Street Journal, I spent 18 years as a staff reporter at the Boston Globe, including four years on its Spotlight team. I have won numerous honors aside from the Pulitzer, including three George Polk awards, three National Headliner awards, the Sigma Delta Chi award, the New York Press Club Gold Keyboard award, and two Education Writers Association Grand Prizes. I was a Pulitzer finalist in 2011 for a series of Bloomberg articles on for-profit colleges that recruit soldiers, veterans, the homeless, and low-income students, often to leave them with debt and no degree.
I grew up in Amherst, Massachusetts, where my parents were professors at the University of Massachusetts. My wife Kathy and I have lived in Belmont, a Boston suburb, for 35 years. Outside of work, most of my time is devoted to family, watching Boston sports, and walking our golden retriever, Sydney.
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The reason I gave it 3 stars is that the book is more of a collection of few stories that fail to make a waterproof case for it being a representation of the overall reality and that there are underlying questions that the author barely or does not touch at all, but are key to understanding why thighs are what they are. In the courtroom movies speak (to be clear, I'm not a lawyer), if this was the prosecution case, a good defense attorney could point to these all being circumstantial evidence and that it does not prove the case beyond a reasonable doubt.
Starting is the fact the stories focus on some top (generally Ivy League) universities, namely Harvard, Brown, Duke, Notre Dame and Yale, plus a few mentions here and there of Princeton, Cornell, and others. But rarely does the author transpose these stories in how do they play nationwide. Is the fact that Brown's focus on celeb sons and daughters a Brown problem or a general problem? How much of the legacy issue that so affects Harvard and Notre Dame also happens at Tulane or Boston College? Aside from more countrywide statistics focused on the impact of white-rich sports like horse riding, golf, etc. on admissions, overall it's just this happened in Harvard, that happened in Duke and Notre Dame is full of legacies...
And thus come to my second point... the overall universe of the schools mentioned account for a minor part of the US graduates as far as I know, and therefore, could not solely explain increase in inequality due to admissions in a country as large and rich as US. I understand that Harvard has an enormous share on presidential candidates and other top executive jobs... but this is more of an exception than the rule. Again, the problems showcased by the stories could happen across the board nationwide, but without info, this cannot be concluded just from what is presented.
Then comes the issue of why does it happen? Which is... legacies, celebs, white rich sports all bring potential donor parents, and thus this means more money. But what happens to this money? It's just for status or perhaps this money is funneled towards better classroom, facilities, endowments, etc. that actually improve the education and therefore benefits other students, a lot of them who are not rich? Or does it happen because deans focus on short term financial goals and therefore sacrifice some poorer students just because they need to keep their jobs? I'm speculating here because this is a missed opportunity... if the donations provided by donors are actually put to good use in terms of better education for everybody, including poor students, then does the legacy system increases or decreases inequality?
And if they do not and in fact this is just plain greed, ego, etc... there is no real recommendations on how to end this or what impacts would happen if law was passed towards this goal. There are (again) a few stories on a couple of universities that survive well without this system, but are those universities one offs or could their situation be the new rule? There are very effective government organizations, but as a rule they are not, so one cannot make the case for the whole just with a few examples.
Finally, and a provocative thought here... the book shows that some groups with no minority status like Asian Americans are negatively affected by the combination of "admission benefits" for legacy / whiter / richer students on one side and affirmative action on the other. Probably this is also happening to white poor students, who also do not benefit from either situation. But this is not touched at all, like it's anathema to suggest that there are white people being screwed by the system. And it's always important to remember that it was exactly the white poor americans who elected and supported Donald Trump in the last years, a lot because the city democrats and intellectuals focused their progressive agenda on the poor they can see from their suburb homes.
Once again, I liked the book, learned a lot from it and tended to agree with it, and would recommend it easily to anybody interested in the subject. But my feeling it has missed a great opportunity to go beyond storytelling. I kept expecting in each chapter that glue that would connect that story with everything else and make the conclusion waterproof, and it rarely came. If I were a juror on this judgment, I'd believe in the prosecution but would not vote to convict as the evidence presented does not prove the case beyond reasonable doubt.
That said, the overall argument of the book doesn't appreciate the complex means by which merit is defined and prestige is acquired. In spite of a disclaimer at the beginning of the book claiming that he is agnostic about the value of the SAT, Golden constantly makes subtle points to the effect of "The child of {wealthy person} was admitted even though his SAT score was 150 points lower than the school's average." More often than not, these well-connected kids who got admissions breaks were not total dunces; they received excellent educations at premier prep schools where competition was fierce and a B GPA may have been difficult to earn. Golden often harps on class rank and SAT scores to determine whether a student was qualified. So while I agree with him that there is injustice in this whole process, I disagree with some of the reasoning used to make the point.
To a large extent, elite schools are elite precisely because they are in bed with the aristocracy. Harvard, Yale, and Princeton didn't rise to the top solely due to academic prowess. Far from it-- Chicago, Berkeley, and Michigan have long rivaled these schools in terms of sheer academic strength. If you read the following Penn dissertation, you'll see that the "upper ivies" maintained their status by catering to the elites of their respective towns, not by offering better academics: Prestige in the Ivy League: Meritocracy at Columbia, Harvard and Penn, 1870-1940' by Richard Albert Farnum.
As such, one might imagine that if Golden's wish were to come true, that which gives Harvard its Harvardness could vanish. It's almost as though he assumes that the education itself at these places is inherently valuable, which is almost certainly untrue. As a graduate of a rather unknown liberal arts college with superb academics, I can attest to the fact that elite-level academics are only one piece of the formula that determines future success. Elite schools are more valuable for the connections-- including the fact that one may share a dorm with the president's child.
Golden ends the book by citing all of the wonderful opportunities that he was given as an undergraduate of Harvard, lamenting the fact that so many qualified students will not be able to have that experience because of admissions preference for the rich. But I wonder whether these wonderful opportunities are contingent on being intimate with the elite; perhaps this quid pro quo system is the only way to get this level of institutional investment. After all, elite schools in other countries have nowhere near the social cachet and endowment value of the Ivies. Think of all the excellent research that is funded thanks to this investment.
Top reviews from other countries
1. It is accepted most schools favour alumnae and obviously if your surname is Hilton/Getty/Kennedy you will have clout. Interesting how some schools allow alumnae to sway admissions over potential students with no connections.
2. Donating big bucks to an institution also pays dividends at some colleges.
3. Admire Caltech for breaking the mould and oh...heres a new idea..let's admit student based on their academic merit and potential!!!!NOT their wealth/connections/network.
4. Excellent the author acknowledges Oxbridge entry which is based on academic merit only.
This is shocking and reveals how bad things are. The lack of Hispanic and black people in Ivy leagues shows the situation when these groups make up the majority of US population. The odd 'non fixed up' exception allowed into an Ivy College has the College making as much PR out of it as possible, pretending everyone has a chance, trying to deflect the reality of their selection process. Harvard Uni has around 200 undergraduate places per yr left after all the fix up people have been let in, around 200 places for people applying from rest of world, that's less than 1 person per country! Meritocracy it certainly is NOT. Truly shocking state of affairs for any intelligent ambitious person.












