Statistics actually suggest that the later success rate of graduates is high mostly if they come from privileged backgrounds. Students entering Wake from the lower socioeconomic quartile did not have a high rate of success in terms of moving out of the lower quartile a number of years after graduation, compared with the socio-economic movement of similar graduates from other schools similar to Wake.
https://www.nytimes.com/interactive/projects/college-mobility/wake-forest-university
To translate: if you come to Wake from a financially successful family background, you will likely do well. If you come to Wake from a relatively less privileged background, your chances of upward mobility after graduation will be less than they would have been if you had gone to another school…