A new study finds that an Ivy League degree doesn't meaningfully increase a graduate's future income compared to attending a good state school. Americans are debating the merits of affirmative action and legacy admissions at Ivy League schools. While attending an Ivy League school only increased students' future income by 3% on average, the researchers found that it boosted any one student's chances of reaching the top 1% in income at age 33 by 59%. So while attending an Ivy didn't meaningfully boost students' odds of making more money on average, it did boost their odds of getting super-duper rich. Age 33 income levels were projected using a student's current income and data on their employers and graduate schools.

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Persons: —, Alan Kruger, Ivy, Ivy — Organizations: Ivy League, Service, Ivy League university —, Opportunity, Harvard, Princeton, Ivy, ACT, Ohio State University, UC Berkeley, UCLA, University of Florida, University of Georgia, University of Michigan, University of North, University of Texas, University of Virginia Locations: Wall, Silicon, University of North Carolina