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Getting accepted at an elite college is very difficult, and it’s getting harder by the year. However, this doesn’t stop many students from placing tremendous stress on themselves in order to achieve their dream, with many believing that where they go to college will have an impact on the rest of their lives. But is this really the case? In this article, we’ll take a look at whether the location of your college really does matter.
More Likely to Have Professional Success
Those who attend Ivy League colleges like Harvard and Yale are more likely to have professional success upon graduation. Although, going to college won’t make you successful on its own, being able to say you went to an Ivy League school and having signature items from sites like signitas.com can really help to boost your resume. And, although only around 2% of graduates in the US went to elite schools, 38% of Fortune 500 CEOs and 45% of billionaires graduated from them. Those statistics say a lot!
More Likely to Graduate
Perhaps it’s due to the price of an Ivy League education, but those who attend elite colleges are more likely to graduate than those who do not. Let’s take a look at just three examples.
- Cal State, a Los Angeles state school, has a graduation rate of just over 40%
- The University of Massachusetts has a graduation rate of 76%
- Harvard has a graduation rate of 98%
Although there are a number of things that can be attributed to the higher graduation rate at Harvard, the more selective schools are very picky about which students they admit. Therefore, they look for motivated students who will make the most of an elite education, and provide additional help to those who need it. Those who attend state schools like Cal State are also likely to be from poorer backgrounds and have additional obstacles that could prevent them from seeing their course through to the end.
Low-Income Students Have the Most to Gain
Students from a low-income background have the most to gain from attending an Ivy League school. This is mainly because those from poor backgrounds tend to have low graduation rates. However, further studies have shown that there is a huge graduation difference for low-income students who choose to study at an elite college or a state college. This difference is negligible for wealthier students who have high graduation rates no matter where they choose to further their education. So, we can conclude that low-income students who graduate from an elite college will be almost guaranteed much better financial benefits in later life.
One thing that may prevent you from trying to gain a place at an elite school is the cost. It can cost almost double the amount to study at somewhere like Harvard than at somewhere like the UCLA. And when you consider how long a college education takes, you’ll see this is a lot of money. That said, the benefits later in life do seem to be worth it.