Private colleges and universities rely on funds and tution. Those with low income usally have to apply for finically aid , scholarships or have this amazing intellect. High income families dont have to worry as much financially so if they get accpeted they dont have to worry much , whereas low income families cant go unless they have help or are put into major debt . Soemtimes its not about being accepted but whether or not you can afford to go.
Contrary with what the users above have stated, I think the problem lies not in the affordability of college; otherwise, we would not be able to find such a phenomenon in regions where public universities are affordable with reasonable loans provided, but this is not the case.
University admission is, to a great extent, related to the socioeconomic status of the parents because wealthier parents can often afford far better learning resources for their kids. Many wealthy parents have private tutors who have been instructing their kids since primary school. They are, of course, extremely effective in boosting the academic results of the children. Another thing is the digital divide. Some impoverished families cannot afford computers or information technology, which compromises the ability of their children to access the Internet and the wealth of learning resources in it. This again leads to the correlation between tertiary education opportunities and familial income.
It is for this exact reason that economies with greater income disparity have less social mobility, which is shown in the Great Gatsby curve - look that up!
Higher income students easily get accepted to the colleges they want as they have the money to pay, but students with lower income have to search for scholarship programs that are willing to support them.
Also, high income students can easily pay and send more applications to more colleges so they have a wider range of colleges to choose from, but lower income students don't have enough money to apply to the same number of colleges. In addition to that, students with high income can hire tutors or buy expensive books to help them in scoring higher in tests or having a better college essay. To cut it short, students with high income have a better chance of getting into the colleges they want than students with lower income.
Searching for scholarships to get into a college while people with a high income can pay for college. Colleges and universities would rather pick a student with good grades and can pay for college on their own than a student with the grades but are struggling to pay for their college.
When talking about university it is very much about grades. You all have to pay the uni eventually anyway so they would rather people who are going to get the grades so they remain there for several years. Rather than fail and drop out in the first year. Here in the uk, all tuition is paid for until you have a job with a certain salary in which you can begin to pay them back. Then there is a maintenance grant which is available for everyone. And an additional grant available to some (based on your parent's income if any) It really isnt that hard to afford uni, you can always get a job on the side too. I'm a week away from finishing my first year,isn't that difficult to be at uni financially.
It terms of getting to a good school, the wealth status of your parents very much so dictates or effects which school you go to.