Business Insider touches on a repeat discussion I have had with many of my female friends. Most of us graduated from great schools, so we do believe our lives – or at least the roads traveled to our current destinations – have been impacted by our college choices. How much? That is impossible to discern, but the impact has been significant enough on our circle of friends to produce several conversations about this very topic over the years.
“Studies suggest that where you go to college doesn’t matter that much if you’re a relatively wealthy white man.
But graduating from an elite college can matter a lot for women, in that they wind up earning more money.
One study found that going to (any) college benefits women and black students regardless of their family income, but it benefits high-income white students more than low-income white students. In 2017, I wrote an article about how it probably doesn’t matter where you go to college. I’d just interviewed the economist Seth Stephens-Davidowitz, author of “Everybody Lies,” in which he cites a well-known study, by Stacy Berg Dale and Alan B. Krueger and published in the Quarterly Journal of Economics, that suggests elite colleges simply accept students with higher earnings capacity. That is to say, going to Harvard or Yale won’t necessarily make you successful — but Harvard or Yale might let you in because they see that you have the potential to make it big.”
How will these findings influence the college list assembled for your daughter? A little? More than you care to acknowledge? Feel free to share below.