Reply to Does it seem like all anti-elite college folks never actually attended an elite?

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[quote=Anonymous]You keep posting this, let's see a cite.[/quote]
http://www.nber.org/papers/w17159
http://wws.princeton.edu/faculty-research/research/item/estimating-return-college-selectivity-over-career-using

"When we adjust for unobserved student ability by controlling for the average SAT score of the colleges that students applied to, our estimates of the return to college selectivity fall substantially and are generally indistinguishable from zero."

I thought this was common knowledge, but I guess not. [/quote]

I agree that for a student with 1550 SATs, going to Miami-Ohio  or Penn State rather than Harvard may not matter. But, there is a dramatic difference in test scores and future earnings between the median student going to Harvard and the median student going to Miami-Ohio and Penn State. The data are clear that Harvard grads will make a lot more money, more likely to get into med/law school or PhD, and more likely to get into an elite graduate school. And the data show that there are very few students at Penn State or Miami-Ohio who could have gone to Harvard.

So congratulations to anyone whose kid gets into an elite college but chooses a less expensive and less selective one. You have a really awesome child that you can brag about. Maybe your child will be the big fish at the smaller pond and succeed even more in State College than in Cambridge. But, nearly all of the other students at Penn State would never have made it in to Harvard.

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