Will College Pay Off?: A Guide to the Most Important Financial Decision You'll Ever Make by Peter Cappelli

Author:Peter Cappelli [Cappelli, Peter]
Language: eng
Format: epub
ISBN: 9781610395267
Google: Gx05DgAAQBAJ
Amazon: 1610395263
Published: 2015-06-09T00:00:00+00:00

Why are all these studies done in Texas? Well, it’s a big place, and it has a lot of students. But there is also a story behind these studies that suggests some of the arcane challenges we have to overcome to examine the effects of college. A lot of people move around in the United States, especially when going to and leaving colleges. So it would be important to be able to follow them across states. The problem is that the federal government is prohibited from tracking students who move across states and analyzing the data about their education, by laws like the Family Educational Rights and Privacy Act. So only individual states can look at the relationship between students’ performance and their outcomes in the job market, and they can only do it for those students who remain within their state after college. Some states are trying to share data with each other; but this is a big country, and it would be hard to get good information unless many states agreed to do so.

One place where elite colleges really do matter is when applying to graduate schools. Unlike employers, graduate programs really do care about the academic reputation of an undergraduate college, because they want to know how well students are prepared to do more academic work. Elite graduate schools tend to pick applicants from elite undergraduate programs. So if you want to be a lawyer, doctor, MBA, or especially a professor, it is much easier to be accepted into a graduate program, especially an elite one, if you graduated from one of the famous undergraduate programs.

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