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They could have a pretty decent sense of which group they were in, if the relevant information were provided to them by the adults responsible for doing that.
I'm not sure about that. Especially for first-generation college students whose adult network doesn't have much experience in that world.
If you aren’t the best student in your high school classes you probably won’t see large returns from college.
I think this also depends where your high school is.
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The adults I’m primarily referring to are the government teachers and councilors who just propagandize for college.
My other point isn’t that you have to literally be the top student, just that you have a sense of how you stack up intellectually with your peers. So, if you knew that returns to college are not significant for 90% of students, you would have an idea which group you’re probably in.
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They could have a pretty decent sense of which group they were in, if the relevant information were provided to them by the adults responsible for doing that.
If you aren’t the best student in your high school classes you probably won’t see large returns from college.
I also wouldn’t be surprised if it’s negative. The statistically insignificant returns are for most graduates. Most ever-attenders don’t graduate and their returns are almost all negative.