out there that avoid legacy preference. and they're doing just fine. cal tech doesn't cater to alumni kids, and it has one of the largest endowments in the nation. even oxford and cambridge with their centuries of hallowed tradition refuse to favor alumni children. their endowments are well into the billions. >> we like to think that england is the land of social class and aristocracy and america is the land of democracy. but at least in college admissions, the reverse appears to be true. >> when you add up all the admissions preferences at elite schools, like legacies, recruited athletes, and children of wealthy donors, you get an astounding number. at some schools, it's around 50% of the class. >> that is the behavior that's typical of some moribund, irrelevant, corrupt private