Colleges Where Graduates Get The Most Bang For Their Buck
While graduates of engineering and Ivy League schools tend to make the largest amount money, graduates of public schools are more likely to have a higher annual percentage of return on investment, a new report from PayScale shows.
The Georgia Institute of Technology and Brigham Young University tie for the top spot in the salary information company’s rankings, which measured annual ROI over 20 years for students who lived on-campus without financial aid. BYU, the only private college within the list’s top 50, has a relatively low total cost — $67,300, compared to Georgia Tech’s $86,700, according to PayScale. This total cost measures four years of tuition, fees, room, board, books and supplies without financial aid. Both schools have an annual ROI of 12.5 percent.
“The reason [public universities have high ROIs] is the lower cost,” Lydia Frank, director of editorial and marketing for PayScale, told The Huffington Post. “Private schools tend to have a higher price tag.”
The average tuition and fees for one year at a public four-year university for in-state students in the 2014-15 academic year is $9,139, according to College Board, compared to an average of $31,231 for four-year private colleges.
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