Of course it is. Families like that don't think in terms of a single generation. Joe Kennedy knew that putting his kids in Ivy League schools meant that his grandkids had a very high probability of being in Ivy League schools, simply because of the connections you make with other wealthy people at these universities.
Joe didn't care whether his kid was in Princeton or Harvard, as long as it was one of them. Once you've made more money than you can count, the next step is to focus on your legacy.
> Joe didn't care whether his kid was in Princeton or Harvard, > as long as it was one of them.
And oddly enough, JFK went to both Princeton and Harvard. He attended Princeton for six weeks before getting ill and withdrawing and then going to Harvard the next year.
