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Since the price tag is lower to start, they don’t need to offer as much. If I’m looking at Texas A&M, they start out much cheaper than MIT. Granted, the situation is different if you have financial need. I believe I qualified my original statement along those lines.
I don’t see a causative relationship here. WSJ hasn’t controlled for the aptitude or motivation of students to attend grad school, and as such the data doesn’t prove much. If Harvard enrolls kids who are predisposed to attend top grad programs, do they end up doing so because they went to Harvard?</p>