Excuse my minor obsessions - you mostly have for years! - but aside from being a useful propaganda tool - that WE (the rich white Yale graduates) aren't just the smart ones, but the good ones, the ethical ones, is deeply believed.
Sure some of their classmates are less than perfect, but compared to the pig people who went to Michigan State or, god forbid, an HBCU, they are all saints.
And, yes, this is all skull measuring-adjacent, at best.