Word: tuitions
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...students choosing Harvard and financial aid over a third-tier public school like the University of Virginia, the difference in tuition was made back in a little over two years...
...longest a Harvard graduate could take to earn back the money they paid over a third-tier school's tuition--in situations where a lower, private school offered a full ride and Harvard gave no financial aid--was only 10 years...
...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...
...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...