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 still only 6 percent did. Lower still is that child's chance of attending one of America's top universities. In this article, the author describes how the system in higher education and elite colleges bends its standards to admit children of the rich and famous. He further contends that if those institutions truly wanted to create more socioeconomic diversity, they would open up the Scholastic Aptitude Test (SAT).