If you could get into USC with a ~1000 SAT score like Huffman's daughter, would you even want to go? I wouldn't. It is shortchanging the achievement, and really missing the point of what admission to such a university represents.
The reality is that the college you attend, especially for undergrad, has relatively little bearing on your life as a whole. If you're in the GPA/SAT range to get into Stanford, but end up attending UC Irvine instead, you'll be just fine. You might even graduate with less debt and at the top of your class. On the other hand, if your parents bail you out and buy your way into Stanford when you're not qualified, it sets you up for a life of disappointment. You'll likely struggle to keep up with classmates, and won't know what it feels like to achieve on your own. It teaches reliance on mommy and daddy rather than reliance on yourself, which is not a sustainable approach to life when you get into the real world.