Effect of College Selectivity on Students

College selectivity does not have a significant impact on well-educated, wealthy white men. However, it does have a positive effect on women's likelihood of working more and pursuing graduate degrees. Selective colleges can compensate for individuals who lack high SES connections, benefiting people of color and those from lower socioeconomic backgrounds. Debt should be a consideration, as high levels of debt can have negative impacts on well-being and job satisfaction. It is not worth going into substantial debt just for the prestige of attending an elite institution. Overall, the benefits of college selectivity may be overstated, and financial considerations should be prioritized.