Even with American higher education’s need for reform, our system is the world’s envy. This is partly because of the diversity of institutions students in the United States can benefit from, including prestigious, world-class universities and research centers. For a privileged few, success at an elite school can open doors to service in the halls of Congress, the Supreme Court, and the inner sanctum of the White House. These graduates often land coveted positions at Fortune 500 companies, investment banks, and tech startups.