Word: tiered
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Dates: during 1990-1999
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...However, one of the reasons that it takes so little time to make back the difference between tuition at a top-tier school and a tier-three school is the difference in tuition between private schools in tiers one to four is small...
...There is, however, a large increase in private school tuition from tier eight to tier five, Hoxby writes...
...estimated that a typical man who graduated from a top-tiered college in 1982 can expect to earn a total of $2.9 million in real 1997 dollars over his career. A man who graduated from a college from the lowest tier could expect to make a total of $1.75 million before retirement. The study bases estimates on a working life of 34 years...
...career earnings numbers for top-tier graduates could even be higher because inflation is factored in and "topcoding" is used as well. By "topcoding," the study does not accommodate for the William H. Gates' III, Class of 1977, of the world. Top incomes are not factored in once they exceed...
...addition, other state schools can use the lever of a full scholarship or low tuition to attract students from their home state. Still, Hoxby says, graduates from these schools would see their education as no bargain--over their careers, tier-three graduates will make a total of about $400,000 less than tier one graduates...