How Colleges Perpetuate Inequality

By PETER SACKS

Colleges, once seen as beacons of egalitarian hope, are becoming bastions of wealth and privilege that perpetuate inequality. The chance of a low-income child obtaining a bachelor's degree has not budged in three decades: Just 6 percent of students from the lowest-income families earned a bachelor's degree by age 24 in 1970, and in 2002...