2012 ROI Rankings: College Education Value Compared
With all of the expense and time required to attend college, does earning a degree pay off long-term? Yes, depending on which school you choose.
PayScale has ranked more than 850 U.S. colleges (for both in and out-of-state tuition when applicable) by their college tuition ROI - what you pay to attend versus what you get back in lifetime earnings.
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I just read the list and did not see my Alma Mater, Oregon Institute of Technology, which is an ABET accredited engineering school with he main campus in Klamath Falls, Oregon.
Talk about ROI, when I graduated in 2002 with my B.S. Civil Engineering, my total cost of tuition and books was less than $10,000. I transferred in my JR year, owned my home, was married, paid child support to an ex, and worked 30+ hours a week.
The average first year salary for the Civil Program was $54,000/year. Here we are 11 years later and I have been making double that for the last 8 years.
Great school, small class sizes (13-18 student per class), and personal time with professors for times when you needed help. You couldn’t flunk here unless you were really just a LPOS.
I would recommend that all parents and those wanting to go back to school check it out.
One last thing, there were more trucks in the parking lot with shotguns and rifles in them then you could count!
The 30 year return on investment makes no sense: An engineer will start somewhere between 50,000.00 and 70,000.00 (a good one between 65,000.00 and 80,000.00. Should be over 100,000.00 within 15 years, over 120,000.00 at 30 years. If engineering management, ought to be well over 150,000.00 to 200,000.00 per year.
So where did they get only 1,000,000 over 30 years as a return? What, are they assuming 50,000.00 for 20 years?