Rajan Says College Admissions Scandal Is a `Blow to the System'

The transcript discusses the issue of academic corruption in America, where wealthy individuals buy their way into elite schools, undermining the meritocratic system. It highlights the challenges faced by students from less privileged backgrounds in accessing elite education and the role of ambition and guidance in overcoming these barriers. The conversation also touches on the personal background of a professor who experienced a diverse educational journey. The discussion concludes with the societal impact of corruption, fueling populism and distrust in the system.

What is a major concern about the current state of academic admissions in America?

• The high cost of tuition fees

• The illegal buying of entry into elite schools

• The lack of available scholarships

• The limited number of elite schools

What is a significant barrier for middle-class students in accessing elite education?

• Unavailability of scholarships

• Limited number of schools

• High tuition fees

• Lack of ambition and guidance

How does the lack of college counselors affect students?

• It increases their tuition fees

• It limits their access to scholarships

• It decreases their chances of passing exams

• It reduces their awareness of opportunities

What is one of the effects of academic corruption on society?

• More scholarships for middle-class students

• Increased trust in the education system

• Greater access to elite schools for all

• A rise in populism and distrust in the system

What does the term 'headed itori meritocracy' imply?

• A system where everyone has equal opportunities

• A system where only the elite's children succeed

• A system with no corruption

• A system that favors middle-class students