The Price Behind the Privilege: Counting the True Cost of Life at the Top of America's Most Demanding Circles
The initiation fee is the most honest number in the entire transaction. Everything that follows — the assessments, the obligations, the performances, and the perpetual maintenance of one's standing — is considerably harder to quantify and considerably more costly to bear. For those navigating membership in America's most demanding private institutions, the real ledger of belonging extends far beyond the financial, into territories that no prospectus ever mentions.