In college admissions, a legacy is an applicant who is related to alumni. The term specifically refers to children of wealthy alumni who have donated substantial sums of money to the school (members of the Harvard or Yale or Duke families, for example). It can also refer to children of people who are just plain wealthy--Bill Gates's kid would be a legacy applicant to just about any university, even though ol' Bill himself never graduated from Harvard (sometimes candidates like these are called "development admits" rather than "legacy admits").

Typically, these applicants receive special consideration during the admissions process, and may be admitted ahead of equally qualified applicants whose parents don't have such deep pockets. Once admitted, these students may receive perks throughout their careers (much like college athletes), including better parking spaces, better housing, and some protection against expulsion or flunking out.

Many people believe this policy to be as rabidly unfair as affirmative action. Maybe so, but it's worth realizing that the school--and its students--may benefit from the implementation of this policy. Let's say an underqualified legacy applies to your school. You have a choice: You can choose aristocracy over meritocracy, denying a space to a somewhat more qualified student, and the legacy's daddy will buy the school a brand-new library to replace the crumbling concrete monolith that was built back in the 60's. Or you can reject him, choosing meritocracy over aristocracy, and you'll have a slightly more qualified student and no new library. Which decision is best for the school and its students overall?

Legacy admits are often assumed to be lazy, underqualified dolts who were born with silver spoon in hand and have ridden on their families' coattails ever since. All generalizations are wrong, though: A college friend of mine was a legacy admit (his last name appears on two buildings, a quad, and an auditorium) but he distinguished himself by graduating magna cum laude in engineering. No fool he.