For the first time, government data back up what some parents have long suspected: Students who choose elite liberal arts colleges don’t earn as much money early in their careers as those who attend highly selective research universities.
The disparity, determined by a Wall Street Journal analysis of the data, means that some liberal arts colleges may face tough questions about the potential payoff of their expensive tuition. That may be especially true for students needing financial aid, the group covered by the government’s figures.
The Education Department in September released salary numbers as part of its College Scorecard, an online tool that compares colleges on cost, student debt and graduation rates. For the first time, the government also paired information on federal student aid recipients with income tax records to compute median earnings figures for each school.