In an era
when a high school diploma is the difference between a career and a lifetime on the dole, New York's high - school reforms have increased the
economic mobility of tens of thousands of students.
However, the NBER paper suggests that
when low - income borrowers attend less selective schools that are still in the middle of the road in terms of
economic mobility, about half end up earning more than $ 25,000 a year after entering repayment.