How Much Does Getting Into an Elite College Actually Matter?
“At the same time, research from the Equality of Opportunity Project found that while many kinds of colleges can help students move to the top 20 percent of the income distribution from the bottom 20 percent, moving to the top 1 percent from the bottom 20 percent almost always requires a highly selective institution. If you’re at all concerned about economic mobility, this underscores the waste of unfairly displacing qualified low-income students from top colleges and universities.”