TIME

The larger lie of elite higher education

THE FBI CHARGED A LIST OF WELL-HEELED PARENTS, including actors Felicity Huffman and Lori Loughlin, with fraud on March 12. Their alleged goal: to get their kids into top schools, including Yale and Stanford. The public reactions ranged from outrage to cynicism. The outrage: These parents think they can buy their kids anything. The cynicism: These parents could have done the same thing legally by “charitably” funding a new building or two. All this aside, the admissions scandal is an opportunity to separate the lofty mythology of college from

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