Ben Shaprio had some interesting thoughts on this topic.
The question is why. Both these families are wealthy. The children of these families weren’t going to lack for opportunity in life. Furthermore, isn’t college designed to train people for the real world? Wouldn’t admission under false pretenses result in the kids flunking out? Wouldn’t their lack of merit be revealed by the simple pressure of the schooling?
The answer is obvious: no, it wouldn’t. Colleges aren’t about training kids for the real world, or teaching them significant modes of thinking, or examining timeless truths. Universities aren’t about skill sets, either – at least in the humanities. They’re about two things: credentialism and social connections.
Here’s the problem: neither of these priorities actually demands that universities teach anything. Credentialism occurs upon admission, so long as you aren’t thrown out of school; social capital begins to accrue with presence, not with performance. Hence colleges watering down curricula and grades in order to make it easier to credential, and to generate less friction. That’s what students and parents demand: not skills, not education, but credentialism and social capital.
That’s why rich and famous people would spend oodles of money just to get their kids into top universities: not because their kids won’t have jobs or will go hungry, but because they want their kids credentialed and admitted into the social club. This story, then, is less about people committing a crime, and more about a system that fails the tests of meritocratic education so badly that people can buy their way past the merit and the education.
https://www.dailywire.com/news/44571/famous-actresses-paid-bundles-money-bribe-their-ben-shapiro
The whole article is very interesting.
A wise man once said:
In an era when the usefulness of a college education for many people is being rightfully questioned, the real question, for me, is "what makes an elite college elite". In large part, it's because people think it's elite. The fact that people can buy their kids is more evidence of this.