<p>Excerpt from a recent report on SSRN on USNews Ranking</p>
<p>"We estimate that moving up a place in the ranking of a top 5 school would increase their average yield by about 4% for aided students. For both aided and full-pay applicants an improvement in rank is associated with about a 2% increase in yield for schools ranked between 6 and 25.... Interestingly we found that the USNWR rank had no influence on the matriculation choice of full-pay students choosing among top 5 schools."</p>
<p>Draft (Aug/04)</p>