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Sunday, December 26, 2010

Going to an Elite College Won't Get You More Money; Being Good Enough to Get Accepted at One Will.

In 1999, economists from Princeton and the Andrew W. Mellon Foundation compared students at more selective colleges to others of “seemingly comparable ability,” based on their SAT scores and class rank, who had attended less selective schools, either by choice or because a top college rejected them.

The earnings of graduates in the two groups were about the same — perhaps shifting the ledger in favor of the less expensive, less prestigious route.

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