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I’ve known a few MIT guys, they definitely have money.
they are also likely to be more well-off academically too, meaning they have the goods for a grad degree and suceed in it, because they all thse private tutoring sessions plus any nepo connections for better resources like internships, lab experience not to mention nepo-connections to employers. in our HS we only had 1 very gifted student who is more than likely to suceed in his field more than the rest of the 99% of our hs class, and then we have top performers,not gifted but 4.0 upon hs graduation. everyone else, they are on thier own.
remember when they paid for everyones MD school one time at columbia? the school selectively chose certain groups over others, they chose the more well off students over the disadvantaged students(socioeconomic)