So does this mean that the mediocre and expensive private colleges end up paying off a lot more than state schools? (the "I" being higher and therefor the "R" being higher too)
That's deeply unsettling...
That's deeply unsettling...
If a more exclusive college (x-axis) is proportionally more expensive, then this graph suggests that everyone, regardless of field, is better off going to a more expensive college. Getting a 12% annualized return on a $100k private bachelors is better than getting the same return on a $30k public university education.