Old research mentioned in the recent article, and wrong summary of the conclusion in the thread title. What is most important about the study is in the part of the article you quoted, but not hinted at by the thread title:
Quote:
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Recent research also suggests that lower-income students benefit more from an elite education than other students do.
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It's a VERY good idea for students from low-income families to go to the most elite colleges that will admit them.
Other scholars have noted that Krueger and Dale aggregated their data in a way that reduced the apparent effect of attending an elite college, so their finding may really understate the benefits for ALL applicants of going to the best college that will admit you.