Ok, then why have classes at all? Why have any tests? If college is just a country club for young adults, just auction off seats to the highest bidder and be done with it. You’ll get an elite mix of those with the most “potential”. It also has the benefit of full transparency. A seat at Harvard costs $4 million cash. Don’t have it? Too bad you wanted an education but Harvard has to look out for their own interests.
Well, Harvard is going to look out for Harvard but Americans have to look out for our own country. And what is best for the country is not to have a snobby elite club, but to develop the minds of kids to solve the most pressing issues of the 21st century.