Reply to Is U Chicago worth cost over in-state UVA?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Or we just have fundamentally different values.

Scorecard data, BTW, will not be indicative of salaries generally.  It’s based only on attendees who received federal aid.[/quote]

Wrong. Gov scorecard pulls all students.[/quote]

No you're wrong. The Govt can only track the data of folks they have data on and these are the folks who applied for financial aid through the Govt. It is incomplete data, specially for schools that have a lot of institutional funds and are need blind and also have a lot of full pay kids.

Finally, Chicago has changed a lot in the last year years. All Govt or private pay level data for Chicago based on earlier cohorts is just not representative anymore. They are now attracting richer and more professionally oriented students and these students will have different career trajectories[/quote]

You're partly correct. Using this recent study published in early 2017 using tax records to track graduates: https://www.nytimes.com/2017/01/18/opinion/sunday/americas-great-working-class-colleges.html

"The most comprehensive study of college graduates yet conducted, based on millions of anonymous tax filings and financial-aid records. Published Wednesday, the study tracked students from nearly every college in the country (including those who failed to graduate), measuring their earnings years after they left campus. The paper is the latest in a burst of economic research made possible by the availability of huge data sets and powerful computers."

The median family income of a student from University of Chicago is $134,500. Grads make median $61,700 at age 34.
10% of students from Chicago come from the 1% (families making over $630K)

The median family income of a student from Virginia is $155,500. Grads make median $71,200 at age 34. 
8.5% of students at UVA come from the 1% (families making over $630)

In my view, the undergrad population at both schools are very similar in terms of their family's wealth and student outcomes. But, if you're in-state for Virginia, of course a much cheaper investment. 
McIntire is over $40K for an in-state student, while Chicago is $78K. 
[/quote]

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