Highly-ranked colleges are widely assumed to confer lifelong benefits to attendees, including higher incomes and more prestigious, satisfying careers. But this isn’t necessarily true. Indeed, evidence suggests that, when controlling for prior socioeconomic status and academic achievement, attending an elite college makes little difference in someone’s later income. Other research suggests that the type of college someone attends has no effect on their later life satisfaction; instead, having supportive professors or participating in meaningful activities during college best predicts someone’s future well-being.