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Posted on 05/05/2013 6:40:31 AM PDT by SeekAndFind
Is getting a bachelor's degree still worth the cost?
Payscale, a salary data provider, answered this question by comparing the average cost of education to predicted income over 30 years for graduates at 1,060 schools in the United States.
It turns out that most schools are good investments — though Payscale economist Katie Bardaro warns that students should consider individually whether college is worth it for their intended career.
At around 3% of the schools, however, the return on investment over 30 years is negative, due to some combination of high tuition and low graduate pay. We've highlighted the worst of those schools here.
(Excerpt) Read more at businessinsider.com ...
Heck yes...
I got a BA in Journalism, then went on to sell coal and heavy oil.
1. The Art Institute of Pittsburgh
Located in Pittsburgh, Penn.
School type: private
Cost (2012): $155,000
30-year net ROI: -$228,000
2. Valley Forge Christian College
Valley Forge Christian College’s additional location in Woodbridge, Va.
Valley Forge Christian College
Located in Phoenixville, Penn.
School type: private
Cost (2012): $114,100
30-year net ROI: -$178,000
3. Miles College
Location in Fairfield, Ala.
School type: private
Cost (2012): $92,280
30-year net ROI: -$136,000
4. University of Maine at Presque Isle (UMPI)
University of Maine at Presque Isle
Located in Presque Isle, Maine
School type: state
Cost (2012): $79,330
30-year net ROI: -$124,000
5. Florida Memorial University Miami-Dade
Located in Miami Gardens, Florida
School type: private
Cost (2012): $116,100
30-year net ROI: -$114,000
6. Springfield College
Located in Springfield, Mass.
School type: private
Cost (2012): $174,700
30-year net ROI: -$114,000
7. Hilbert College
Located in Buffalo, New York
School type: private
Cost (2012): $116,000
30-year net ROI: -$89,100
8. Fayetteville State University
Located in Fayetteville, N.C.
School type: state
Cost (2012): $113,400
30-year net ROI: -$82,600
9. Ozark Christian College
Located in Joplin, Mo.
School type: private
Cost (2012): $78,530
30-year net ROI: -$76,200
10. Meredith College
Located in Raleigh, N.C.
School type: private
Cost (2012): $150,400
30-year net ROI: -$66,200
11. Medaille College
Located in Buffalo, New York
School type: private
Cost (2012): $139,700
30-year net ROI: -$60,400
11. Shaw University
Located in Raleigh, N.C.
School type: private
Cost (2012): $110,700
30-year net ROI: -$56,500
12. Lakeland College
Located in Plymouth, WI.
School type: private
Cost (2012): $132,400
30-year net ROI: -$51,300
Source: Payscale
kinda expected to see some of the publicly/state-funded universities. Then we’d have something to talk about.
I see Christians sending their kids to “safe” Christian colleges and saddling their kids with a lifetime of debt. NOT GOOD.
Far better to live at home for two years while attending junior college, and then sending an older student away to a public university with trusted friends and/or siblings. Our local junior college isn’t nearly as liberal as most universities. In fact, a couple of the teachers there go to my church. :)
A 4 year engineering degree from any ABET accredited school will give you a positive lifelong ROI.
“University of Maine at Presque Isle”
LOL! Save the tuition and take a vacation there instead!
Even better to go to a vocational school for a year and learn a trade. Earn your own way through college. End up with no government loans and some real world education.
A distinction without a difference.
Most folks can handle $15,000 to $20,000 in student loans once they’re working and a student shouldn’t have more debt than that if he’s working. We pay for our kids to go to junior college (I realize not everyone can do that), and they work and save their money during those two years for university, and continue to work once they get to university. They end up saving and paying for all of their living expenses, and leave with loans for two years of tuition. Some have money saved during high school, but each child is different, and we don’t push working during high school.
And the trades are fine; one of my kids is strongly considering a trade.
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It's a 'Burgh Thing.ô |
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| Send FReepmail if yunz want on/off BPT list, 'n'at | |
| Learn Pittsburghese! | |
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The school mascot is a Barista.
Thanks SeekAndFind.
http://en.wikipedia.org/wiki/PayScale
[snip] It was founded by Joe Giordano, a former Microsoft and drugstore.com manager, and John Gaffney. [/snip]
management:
http://www.payscale.com/about/management-team
board of d:
http://www.payscale.com/about/board-of-directors
Indeed. UMPI is pro'ly on the list because of the choices of majors available there.
And will they use their college degrees on their first job? With a trade already in place, they have a backup in case the economy does not require their college degree.
I think you could multiply that number by about 10 or 20. And if you focus on certain degrees, you could say that about 90% of colleges aren’t worth the money.
San Diego State University is only the second college or university in North America to have a major in Lesbian, Gay, Bisexual and Transgender (LGBT) Studies, beginning in January 2012. SDSU has also had a minor in LGBT Studies since fall 2009
http://lgbt.sdsu.edu/
13. The University of Massachusetts Skool of Ejekation
Wow, what a low bar to determine worthwhile. Return over 30 years? Lets us a higher standard and go for a return over 10 years and see how many are able to meet that bar. Better yet, lets get more specific and apply that to degrees.
I am of the personal opinion that most colleges are not worth the money if you are paying for it yourself. I am also of the opinion that unless you are in a “hard” degree (engineering, science, medicine, etc) it is also not worth it. There are some exceptions such as liberal arts in math, some business degrees and trade oriented degree programs (electrician, construction, etc).
I’ve lived up in The County (Aroostook County, Maine)
UMPI is used for two things: a “jumper” school for local kids to get basic courses out of the way cheaply before moving out of the house (and The County) to a “real” school in Civilization, and to generate teachers. Many of you hsve noticed, that new teachers these days are generally in the bottom third of their graduating class. And “The County” has been in a brain drain for DECADES, accelerated by the shutdown of Loring AFB, over a decade ago.
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