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College and University Discussion
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[quote=Anonymous]In my view, it is not worth it. Studies show that students who apply to and are qualified to attend Ivies but ultimately don't attend Ivies just do as well as students who ultimately attend Ivy League schools, income-wise. Most students who apply to Ivies usually have certain characteristics (along with academic qualifications) that position them for success no matter where they end up. Below is a summary of the study: Who Needs Harvard? But maybe the kids who got into Yale were simply more talented or hardworking than those who got into Tulane. To adjust for this, Krueger and Dale studied what happened to students who were accepted at an Ivy or a similar institution, but chose instead to attend a less sexy, "moderately selective" school. It turned out that such students had, on average, the same income twenty years later as graduates of the elite colleges. Krueger and Dale found that for students bright enough to win admission to a top school, later income "varied little, no matter which type of college they attended." In other words, the student, not the school, was responsible for the success. See also: https://www.econstor.eu/bitstream/10419/51889/1/664668143.pdf http://economix.blogs.nytimes.com/2011/02/21/revisiting-the-value-of-elite-colleges/?_r=0 If you do decide to send your child to an expensive elite school, I would consider top-tier SLACs and not Ivy League schools, because the class sizes will be smaller, the professors more available, and there will be no TAs teaching any courses. Consider e.g. Amherst, Williams, or Bowdoin. If you go down a tier or two, your child could likely get a full ride or something close to it. Best of luck! He has lots of great options.[/quote]
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