To determine the colleges with the wealthiest student bodies, 24/7 Wall St. reviewed data on family income of college students from the U.S. Department of Education. Colleges and universities were ranked based on median family income of enrolled students that entered school between July 1, 2016 and June 30, 2017.
Only schools with at least 1,000 undergraduates enrolled as of fall 2020 were considered. Supplemental data on undergraduate enrollment, published tuition and fees for the 2020-2021 academic year, acceptance rate for the 2020-2021 academic year, and the most popular major among students receiving federal financial aid for the 2018-2019 school year also came from the Department of Education.
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