Ranking of Colleges by ROI
cew.georgetown.edu
cew.georgetown.edu
Which is a massively different thing, and as you would expect would favor things closer to trade school (immediately useful) rather than the sort of careers people going to top schools are likely to aim for (many of which have high pay much later).
[1] https://marginalrevolution.com/marginalrevolution/2019/11/th...
The lowest NPV schools are art/music schools.
4 year schools have many majors, so nursing and art departments cancel out and you get the average returns.
These ranking are silly, they don't attempt to separate confounding factors. They also make the unhelpful observation that a $92 school has the best ROI, ignoring that ROI is a useless measure more investments you only make once in your life and do not have constant R or I.
That's a f... up conclusion if there's one. Let's look at it another way: in those private colleges, you'll likely find more students whose parents are rich than in public colleges. Guess what? After 40 years, there's a higher chance they will find themselves higher in the food chain than students from poorer families.
The only conclusion is the renewal of the capital gap generation after generation.
[0] http://www.equality-of-opportunity.org/papers/coll_mrc_paper...
They attend very different schools and have very different results.
The fact that lower-income students have less access to top tier universities has no bearing on the outcomes of the students who do in fact matriculate there.
(Also, accusing others of not reading their own links borders on the uncivil. Keep that out of this forum.)
Once you control for college attended, outcomes do not depend sugnificantly on parent incomes; therefore parental income is not a confounding factor in looking at the ROI of collages.
Children of wealthy parents still tend to do better, but that is because they get to purchase a superior product.
College can be much more than quantifiable job training. All of us know this, and we owe this kind of reckoning no more respect than it deserves. This experience needs to be open to all who wish it, regardless.