> But it turns out that the proportional increase for those who grew up poor is much less than for those who did not. College graduates from families with an income below 185 percent of the federal poverty level (the eligibility threshold for the federal assisted lunch program) earn 91 percent more over their careers than high school graduates from the same income group. By comparison, college graduates from families with incomes above 185 percent of the FPL earned 162 percent more over their careers (between the ages of 25 and 62) than those with just a high school diploma:
https://www.brookings.edu/blog/social-mobility-memos/2016/02...
This also appears to lack any kind of control, whereas the other study tried to control for the student's abilities.
Apparently college is almost useless for rich white guys but it's progressively more useful if you're not rich, white, or a guy.
(I’ll see if I can dig up the research later when I have more time and link to it).
Edit:
"we find that students who attended more selective colleges earned about the same as students of seemingly comparable ability who attended less selective schools. Children from low-income families, however, earned more if they attended selective colleges."
https://academic.oup.com/qje/article-abstract/117/4/1491/187...