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It says "return on degree", so is the income measured relatively to what they spent on the degree? If so, it obviously depends still very much on where you stud
by auggierose 11y ago
It says "return on degree", so is the income measured relatively to what they spent on the degree? If so, it obviously depends still very much on where you study, as top schools cost much more.
- dpark 11y agoThat's my reading, too. If top schools have a great return on investment, then the total returns must be significantly higher because of the size of the investment.
- Periodic 11y agoExactly, that confused me too. It would be like saying all the schools cost the same because the interest rate for student loans is the same regardless of amount. There is a huge difference between paying 5% on $1,000 and 5% on $100,000. Its also interesting that they did the cost net of financial aid, so probably looking at the average cost of the degree, creating a much larger variance than the data set indicates.
- superuser2 11y agoOnly for rich parents. (We'd need to see what they actually paid, rather than sticker price).
- dspeyer 11y agoOften they don't. Maybe by nominative tuition, but not by median.