Justifying the cost of MIT(or any other elite school)

[noimagination]

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What some students did (I saw in the MIT '16 Facebook group) was they calculated how much they would spend on school versus how much they would make (by looking at average starting salaries for their major they plan on doing) in the first few years after MIT versus a school that might cost less.

I’m curious; what data did they use to perform that analysis?</p>