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College and University Discussion
Reply to "This chart shows how much more Ivy League grads make than you"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Nothing in the data proves that it is the school that provides the extra income boost. It is just as likely that the schools are good at picking students who would make a lot of money if they went to Penn State or ASU. The really interesting thing is that "the government's figures actually low-ball how much students from these elite colleges are earning. The Department of Education's dataset is entirely based on students who either borrowed student loans or received Pell grants, meaning they exclude wealthy undergrads whose parents are able to finance their education in cash...In other words, we're looking at some of the least privileged students at America's top schools. The median family income among Harvard students in the government's sample, for instance, is about $33,000, which is not exactly representative of the institution." http://www.slate.com/blogs/moneybox/2015/09/14/ivy_leaguers_in_their_20s_they_make_even_more_money_than_you_thought.html[/quote] Nor can you "prove" that the school does not provide the extra income boost. In the absence of something better, this data will have to do.[/quote] Ever heard of a null hypothesis? I can't prove that fairies don't exist, so let's assume that they do. [/quote]
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