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Is Going To an Elite College Worth the Cost?

December 19th, 2010 12:05 admin Leave a comment Go to comments

Pickens writes “Jacques Steinberg writes in the NY Times that the sluggish economy and rising costs of college have only intensified questions about whether expensive, prestigious colleges make any difference. Researchers say that alumni of the most selective colleges earn, on average, 40 percent more a year than those who graduated from the least selective public universities, as calculated 10 years after they graduated from and found that ‘attendance at an elite private college significantly increases the probability of attending graduate school, and more specifically graduate school at a major research university.’ But other researchers say the extent to which one takes advantage of the educational offerings of an institution may be more important, in the long run, than how prominently and proudly that institution’s name is being displayed on the back windows of cars in the nation’s wealthiest enclaves.”

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