Dr. Richard Vedder
Dr. Richard Vedder, Distinguished Professor Emeritus of Economics at Ohio University, authored a column in Forbes headlined “Does Attending Elite Colleges Make You Happy? Lessons From The Admissions Scandal.”
The Ivy League schools have announced their acceptance rates for the class of 2023, ranging from a low of 4.5% at Harvard to a high of 10.6% at Cornell. At a typical Ivy League school, there were about 15 applicants for each student admitted. Why? Prospective students believe attending an Ivy League school is the path to a prosperous, fulfilling life. According to the Department of Education’s College Scorecard, graduates’ median annual earnings shortly after attending an Ivy League school exceeds $80,000, and fewer than 5% of matriculating students fail to graduate.
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