Per Bloomberg Law

Harvard is being used by multiple groups over how it gave preferential treatment to alumni's children and big-money donors. The groups argue that this decreases application accessibility likely for "people of color.:"

This has resulted in Justin Neil Gorsuch approaching the Supreme Court with his arguments. This included suggesting legacy preference eliminations.

University of California law professor Jonathan Glater gave a statement regarding the phenomenon, explaining why alumni give to colleges.

Glater: “One reason that alumni give to colleges and universities is to enhance the odds that their kids will get in... This practice bolsters development opportunities. So really, these claims highlight another way that how we finance higher education — here, the role of philanthropy — affects who can go.”

Ivan Espinoza-Madrigal, the executive director of Lawyers for Civil Rights, represented the groups and commented on the issue.

Espinoza-Madrigal: “Your family’s last name and the size of your bank account are not a measure of merit, and should have no bearing on the college admissions process,”

In April, Ken Griffin has reportedly given $300 million to Harvard University, his biggest gift ever to his alma mater.

In February, it was reported that Americans with a college degree saw wages decline the most in two decades.

See flow at unusualwhales.com/flow.

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Bloomberg Law