Payoffs: Elite College or State University
Interesting research on NBER that attests, “Students who attended more selective colleges do not earn more than other
students who were accepted and rejected by comparable schools but attended less selective colleges . . “
The research was also noted in a recent New York Times article which summarized the research and stated, “Students who got into both, say, the University of Pennsylvania and Penn State made roughly the same amount of money, regardless of which they chose. Just as you might hope, the fine-grain status distinctions that preoccupy elite high-school seniors (and more to the point, their parents) seem to be overrated.”
Those readers considering future income as a selection factor for your child’s college should enjoy both links!