Ivy Day, when Ivy League schools announce admissions decisions, is approaching. However, some students are becoming more skeptical about these elite institutions due to confusing application processes, recent scandals, and rising costs. Despite this, the allure of Ivy League degrees remains strong, with studies showing increased earning potential and access to elite graduate schools and prestigious firms. However, concerns remain about the perpetuation of privilege due to the higher admission rates of students from high-income families.