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How higher education helps the Economy

HOW HIGHER EDUCATION HELPS THE ECONOMY College is an expensive investment, and some may wonder if the cost of going after a degree will be worth it. Fortunately, PayScale conducted a study for Bloomberg Businessweek that found there are a number of schools around the country that have a great ROI, or return on investment. Learn more: 1 COLLEGE ROI STATISTICS PayScale determined ROI by looking at how much more college graduates earned than high school graduates over 15 and 30 years, after deducting the cost of the degree. This year, instead of using a college's "sticker price," PayScale determined a college's ROI based on tuition after factoring in financial aid. OVERALL EARNINGS DECLINE 693 $387,501 The average 30-year earnings for alumni of the schools ranked both last year and this year fell about 2%. The drop was due to smaller bonuses, laid-off employees forced into lower-paying jobs, and recent college graduates opting for low pay over unemployment. This combined with higher tuition at many schools lowered ROl across the board. Number of schools in the PayScale study The average ROl for graduates over 30 years, which factors in financial aid grants. -2% $1.6 million 80% of college education isn't The ROI (in excess) of six schools in the study. realized until later in a person's career, when earnings begin to increase. At 50 schools, a typical financial aid recipient can get a bachelor's degree for an average cost of less than $74,000. Each school claims a 30-year return on investment that is above average. 2 AFFORDABLE COLLEGES WITH THE BEST ROI: • School Type • Total Cost • Total Discount • Net Cost (After aid) • 30-year net return TE OFT DARTMOUTH LINIY NSTITUTE TANK IN DE AMANTS Princeton University Massachusetts Institute of Technology California Institute Dartmouth College Stanford University of Technology O Private Research- Engineering • Private Research- Engineering • Private Research- Ivy League • Private Research- Ivy League Private Research • $198,700 • $201,000 • 63.9% $202,300 • $210,400 • $198,700 O 54.1% • 64% • 64% • 66.6% • $91,250 • $75,710 • $1,691,000 • $72,560 • $72,850 • $66,270 O $2,033,000 • $1,797,000 • $1,701,000 • $1,673,000 STAT NAEA RAEALACU HARVAND Duke University Colorado School Harvard University University of Pennsylvania University of Notre Dame of Mines • Private Research • Public- Engineering Private Research- Private Research- • Private Research Ivy League Ivy League • $201,300 • $92,820 $203,900 $202,600 • $194,500 • 57.7% • 34.3% • 60.7% • 69.4% • 51.6% • $85,100 • $60,960 • $80,210 • $62,090 • $94,120 • $1,609,000 • $1,591,000 $1,551,000 • $1,540,000 • $1,513,000 THE INVESTMENT THE RETURN Going to college can be costly, especially if future career prospects seem slim. However, with help, the cost can be lowered and the investment can By cutting the cost of a college education, the return of investment can be high. For some students, the return on investment can immediate. For others, it may not be realized until they've worked 15 or 30 years. yield greater results. Generous financial aid can make top schools affordable, which can lead to better career opportunities. Financial aid packages can cut the cost of tuition in half or more. Choose grants, gift assistance, and With little debt. scholarships rather than loans. career opportunities can be pursued more aggressively. Various types of earnings allow colleges to award students generous financial aid packages. Students should also weigh the perceived quality of the school, which could have a larger impact on their career's success. Certain fields, such as engineering, are guaranteed a higher ROI. However, well placed alumni have also been documented in a number of other industries. 4 UNEMPLOYMENT RATES AND EARNINGS • Recent Graduate Earnings • Experienced Graduate o Recent Graduate Earnings • Experienced Graduate Unemployment Rates Unemployment Rates Psychology and Social Work Science-life Health Social Science Recreation Business Architecture and Physical 5. Agriculture and Natural Resources Computer and Mathematics Communications Engineering Law and Public Policy Arts Education and Journalism Presented By : PRIOR LEARNING DEGREE 000'v9$ 000'ss$ 000'9E$ 000'ÞES 8.1% 000'e9s 000'ps$ %0'9 000'6E$ 7.4% 000'EES 7.3% $50,000 000'0E$ $43,000 8.3% 000'EE$ 000'09$ 000'9L$ 000'ZE$ %9'S 8.9% 000'9t$ T MINES 8.2% 000'stS %6'S 000'L8$ 000'0E$ ORAD 7.3% 7.5% 000'E9$ 2.2% 000'0$ 000'Et$ %24 000'09$ 000'9t$ 000'ZE$ 7.1% 000'0ES

How higher education helps the Economy

shared by Shisho66 on Sep 12
College is expensive investment, and some may wonder if the cost of going after a degree will be worth it. Fortunately, Payscale conducted a study for Bloomberg Businessweek found that there are numbe...


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