I doubt it for a few reasons:

- The SAT has been bastardized as a test and no longer effectively measures this stuff

- College admissions have deemphasized the SAT and other standardized tests of reading comprehension

- Elite college admissions is lousy with "consultants" who workshop students' essays to ensure they've got a better chance of admission

That being said, if you were going to find the kids who CAN read, you would probably find them at elite schools.