[quote=@Conflux]
So is it acceptable for one character to be of two different classes? Like he/she can both be of the wealthy and gifted class? Because I'm planning to make a guy who is somewhat talented and rich at the same time. 

Also just a clarifying question, do students receive unbiased treatment and equal benefits from the academy's administration given their differences on the social hierarchy? 
[/quote]

Great questions!

They can be of two different classes, but they have to get into the school through one or the other. So, yes, you're character can be exceptionally gifted, as well as come from a loaded family. However, in terms of academic classification, and for realistic ease of all that documentation crap, they can only come in through one. Either their parents paid the tuition, or they received an invitation/scholarship to go to the school for their specific talent. If that makes sense.

So, while they socially can, in terms of technicality, they can only be considered one by the school itself, and their records. Determine whether they're talented enough to have received a scholarship or if their parents wouldn't have wanted to risk it and just paid for tuition. Or, however you want to play that off. Your CS may be judged more critically for that, though, because it may be a bit difficult to pull that off more believable than say just having your student be one of those things. Just so you know.

As for differences, there's a stigma between certain teachers concerning the class hierarchy between students and they may show that individually, but the school likely has a very, very strict policy concerning unfair treatment between students and teachers. So, whilst it is personal for the more elite teachers, it's not for the school as a whole and they do their best to combat social prejudices. ;D It's a good topic to consider when making a character, though, as they're likely going to receive specific treatment from specific people. Of course, they'll more than likely be able to combat that, so not all hope is lost.

(I know the teachers I made in the last installment of this would have had pitched a fit about students being treated unfairly. Unfortunately, teachers will be (semi-)npcs this time)