Elite College Grads + Their Future Earnings
Estimating the Payoff to Attending A More Selective College
If you’re middle class, it won’t make a difference whether or not you attend a state university or Princeton income-wise. In 2002, the Quarterly Journal of Economics from MIT Press found that a middle class kid who graduates from an elite college doesn’t make any more money than he would have if he’d gone to a less selective school.
Elite Colleges Do Benefit Low Income Students
Another valuable bit of information from the study is that children from low income families do earn more if they attended selective colleges. It seems reasonable to conclude that we’ll see less movement into the middle class now that the affirmative action era has passed.
Read the full report on future earnings of elite college graduates.
