Reply to My child attends an elite college. It is overrated.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My brother went to Princeton and it opened so many doors for him. That alumni network is SOLID. He makes more than 1 mil per year (that's his base pay - he also gets a bonus). The rest of us went to Virginia state schools and we are not even CLOSE to him in salary or success. He's no smarter nor more hard working than any of his siblings - he just made a very good decision to go to Princeton and take out student loans (which are long since paid off).[/quote]

Plenty of people making your brother's salary did not attend elite colleges, including my brothers.[/quote]

Yea I’m sure there’s no correlation between graduating from an elite college and lifetime earning potential.[/quote]

Actually, there's not any correlation that's attributable to the college. The difference is in qualities associated with the individual. This was shown to be true long ago. Here's a link.....

https://www.nber.org/papers/w7322
[/quote]

In a way, but it's more like for the initial opportunieis.  You get more quality initial opportunities graduating from elite college.   [/quote]

It's as if you don't realize that every college had lots of students graduating into amazing "initial opportunities." [/quote]

My DC is in business.  The difference is night and day between good brand name schools vs mediocre no name schools.
You get excellent initial opportunities into great consulting firms, finance, investment banking etc. that will soon lead to 6 figure income by attending good schools(so called target schools).

If you go to a mediocre no name school, then good luck. You won't even get an interview.
Main purpose of this forum should be for good information, not for a feelgood Disney World fantasy.[/quote]

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