This is a sad story in the Wall Street Journal today. Michael Bloomberg wanted to help bright but disadvantaged kids get into good colleges, so he teamed up with two outfits, CollegePoint and the American Talent Initiative:
Billionaire Michael Bloomberg has spent more than $140 million over the past decade to get tens of thousands more talented, lower-income students into top-flight colleges. Those big ambitions have so far fallen short.
....Bloomberg Philanthropies worked with researchers to study their work with CollegePoint. They found 51.4% of students with access to the program enrolled in high-graduation-rate colleges, compared with 50.1% for a control group.
....The American Talent Initiative launched in 2016 with about 30 schools that publicly committed to increasing the socioeconomic diversity of their student populations....In total, 18,100 more Pell grant recipients have enrolled at member schools since 2015.
The awkward but probable truth is that there just aren't a lot of poor but bright high school students falling through the cracks. We've done such a good job of sorting kids by ability over the past 80 years that by now there just aren't a lot of them left—and the ones who remain are mostly tracked into college already. That's not to say there's literally nothing left we can do, but we should probably accept that nothing we do will have a big effect.
I suppose this is both good news and bad news. In either case, it's most likely the truth.