> Most billionaires are not willing to move into a high-crime, high-poverty neighborhood with shitty housing
sure, but I don't think any existing laws would prevent them from just buying a second house in a bad part of their home town and using that address for applications and I can't see how the College Board could reliably detect this.
Your primary residence is listed on your tax returns and determines which school district you're entitled to attend. Misrepresenting it can result in criminal charges, and schools do check:
They'd have a tough time explaining to colleges why their transcript is from Good School District Across Town when they listed their address as Dumpy Neighborhood With Bad Schools.
Residency scams are a long-standing issue around Boston and in Boston itself (parents of suburban kids attempting to get their kids into exam schools like Boston Latin). This article explains the difficulties and expenses associated with catching families trying to get around the residency requirements: https://www.patriotledger.com/x792538354/Quincy-schools-crac...
Rich people go to private schools so they don’t care what address have. Buying a $5k shithole house in your same city and county won’t affect your taxes and won’t affect school distribution so no one is investigating that except the SAT police.