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One dimension: In my experience one of the most valuable aspects of attending an elite institution is that many of the most prestigious, high-paying, career-accelerating jobs in the US recruit primarily or exclusively at top colleges, and this creates numerous opportunities for their students.

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On one hand, the exclusive job opportunities are providing value to students which can allow students to increase their value. On the other hand, the employers are benefiting from the fact that the universities themselves are selectively gathering people with high market value. Exactly how much of whether it's the former or the latter is an open question. Whether or not a university is an expensive platform to pass a corporation's gatekeeping is questionable.

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