Reply to No name school w/big scholarship vs. big name school w/loans

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[quote=Anonymous][quote=Anonymous]OP, I don't know what your no-name school list looks like, but if the schools on that list have good retention and graduation rates (e.g. 90% return rate for sophomore year, 75% or more graduation in four years rate), and if your DC believes that one or more of the schools are a good "fit," then I would choose the lower-rated school with no loans.

The fact of successful people having taken out loans 20-30 years ago is not relevant IMO.  The student loan landscape and the cost of higher education is altogether different in 2016 than it was in 1977 or 87.

Evidence-based research suggests that the outcomes of students at school(s) that your DC is qualified to attend are likely to be the same ones that your DC will enjoy, by virtue of the fact of him/her being qualified to be admitted to those schools.  In other words, what matters is your DC him/herself.  [b]So, e.g., a student who is admitted to Swarthmore but chooses to attend e.g. Kenyon or Denison or Wooster will do as well as the Swarthmore grads, on average:[/b]

[i]"Dale and Krueger concluded that students, who were accepted into elite schools, but went to less selective institutions, earned salaries just as high as Ivy League grads. For instance, if a teenager gained entry to Harvard, but ended up attending Penn State, his or her salary prospects would be the same.

In the pair's newest study, the findings are even more amazing. Applicants, who shared similar high SAT scores with Ivy League applicants could have been rejected from the elite schools that they applied to and yet they still enjoyed similar average salaries as the graduates from elite schools. In the study, the better predictor of earnings was the average SAT scores of the most selective school a teenager applied to and not the typical scores of the institution the student attended."[/i]

http://www.usnews.com/education/blogs/the-college-solution/2011/03/01/the-ivy-league-earnings-myth[/quote]

well those aren't "no name schools. And the article was about Ivies vs. "less selective" schools.  I don't think there are what OP means by "no name" schools.

But we can't know since he/she hasn't come back to give examples of a no-name school.

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