Would you rather get into Harvard or get $3M dollars?
Agree
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Money is not everything in life and the experience and the network of relationships you could build at Harvard is worth more than a bit of money
Disagree
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If you just optimize on the financial rewards, take the $3M, invest in the stock market, enroll in another college and let the compounding grow your wealth. For most Harvard grads it will be very hard to catch up, except for some super-star hedge fund managers.