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A magnet school is just a school that will take students from anywhere in the district instead of only students that live nearby. Some require tests to attend, but others do not.
But yes, there are public schools for gifted students that admit purely based on academic merit and exam scores. In theory, a rich student would not be able to buy their way in. In practice, having a tutor who can coach a child on exam specifics is a very large advantage.
A magnet school is just a school that will take students from anywhere in the district instead of only students that live nearby. Some require tests to attend, but others do not.
But yes, there are public schools for gifted students that admit purely based on academic merit and exam scores. In theory, a rich student would not be able to buy their way in. In practice, having a tutor who can coach a child on exam specifics is a very large advantage.