An Ivy League degree won't boost your salary much compared to a good state school, a study finds. You're just more likely to have an elite-sounding job.

• A new study finds that an Ivy League degree doesn't meaningfully increase a graduate's future income compared to attending a good state school.
• But it can boost one's chances of working for an elite employer, which could lead to riches.
• Americans are debating the merits of affirmative action and legacy admissions at Ivy League schools.

Getting rejected by an Ivy League university — and attending a good state school instead — likely won't have a big impact on your future earnings.

But, you'll be less likely to impress your friends and family by working an elite job.