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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The data is crystal clear on this: for the students who get into both but elect to go to the state school, their outcomes are the same.
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No its not. Read

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2473238[/quote]

My interpretation of the study (which is just one study) is not the same as yours.

According to the introduction: "This relation between undergraduate status and postbaccalaureate outcomes is not simply driven by higher ability of those graduates of elite institutions but also holds[b] taking into account family background [/b]and individual standardized test scores."

That says a lot. In short, [b]a bright, upper middle class student from an educated family is likely to have similar outcomes in life whether she goes to Chicago or UVA. [/b]And this bears out what I've seen in real life. There are plenty of successful UVA grads. There are plenty of unsuccessful Chicago grads. It's all about what *you* do with the resources at hand. I don't doubt that Chicago has amazing recruiting but in many ways that's limited to those who aren't interested in finance or business. There are plenty of UVA alums who go on to top graduate schools and into finance and business.

My vote (and I say this as a double Ivy graduate) is to go to the cheapest school and put the differential towards graduate school or even use it as a nice down payment on the first property after college.

The real financial benefits of going Ivy or other top colleges has always accrued more to the first generation, low income students than the standard upper middle class student. This has long been known. [/quote]
Is OP upper middle class? Low income? First generation? Curious.
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