“… But students shouldn’t panic if they don’t get a spot—it is still possible to be successful: A well-known study from Mathematica Policy Research economist Stacy Dale and Princeton University economist Alan Krueger found that students with similar academic characteristics who applied to elite schools such as the Ivy institutions had similar earnings levels later in life, rehardless of whether or not they ultimately attended an elite institution. (Black, Latino and low-income students were the exception to this rule — perhaps offering another reason that diversity at top colleges is so important.)” …