When Higher Education Doesn't Pay Back

When Higher Education Doesn't Pay Back ARE UNIVERSITIES College is usually a good investment, but that is not the case for every single school in America. You may want to rethink your decision before handing over that big tuition check. WORTH IT? Only 1 IN 3 college students drop out after the 1st year 1 IN 3 wasting around $9 billion every year college students graduate debt free Avg. student debt $26.000 44% 39% of graduates delay buying a house due to college debt of graduates say it will take at least 10 years to pay off school loans McKinsey & Co. reports that less than 50% of American employers believe that their new employees are adequately prepared by colleges or training programs. PEW Research Center reports (5% UF AMERICANS SAY COLLEGE IS TOO EXPENSIVE FLORIDA MEMORIAL UNIVERSITY 5 WORST 2008- 2012 Total Cost* Avg. ROI over past 30 yrs. $112.000 -$114.000 SCHOOLS FOR REȚURN ON INVESTMENT (ROI) Graduation rate Due to high percentage of graduates focusing on majors in criminal justice, psychology, and social work, which focus on the greater good instead of their bank accounts. 42% Cost/ credit hour $516 (Based on PayScale's 2013 ROI report. Negative return of investment is where the cost of attending college actually outweighs the long term benefits) UNIVERSITY OF MAINE AT PRESQUE ISLE VALLEY FORGE CHRISTIAN COLLEGE Cost* Avg. ROI over past 30 yrs. Cost* Avg. ROI over past 30 yrs. $79.330 -$124.000 $114.100 -S178.000 Graduation rate Graduation rate Due to high amount of graduates becoming teachers who avg. only Due to the most popular degree being religious studies. Average salary for religious studies as of 2012 is $42,000 40% 35% $55,418 for 2011 - 2012 in the U.S., according to National Education Cost/ credit hour Cost/ credit hour $220 for in state residents $605 Association ČEE2 for out of $552 state Only state school to make top 5 for negative Return of Investment THE ART INSTITUTE OF PITTSBURGH MILES COLLEGE Cost* Avg. ROI over past 30 yrs. Cost" Avg. ROI over past 30 yrs. $155.000 -$228.000 $92.280 -$136.000 Graduation rate Graduation rate Due to the average art student being $21,576 in debt while earning $40,000 a year in starting salary according to a report from the Wall Street Journal. Another college with high concentration of majors such as education, criminal justice and social work with relatively low paying salaries. 37% 20% Cost/ credit hour Cost/ credit hour $470 $431 *2008-2012 total cost: Tuition, fees, on campus room and board, books, required supplies Sources Presented by http://www.aionline.edu/tuition http://www.nea.org/home/54597.htm http://www.fmuniv.edu/financial-aid/cost-of-attendance http://www.umpi.edu/current-students/business-office/tuition-a-fees http://www.vfcc.edu/financial-aid/cost-to-attend-at-valley-forge-christian-college CHEAPONLINEDEGREES.ORG http://finance.yahoo.com/news/worst-college-majors-for-your-career.html?page-all http://www.payscale.com/data-packages/college-roi-2013/top-and-bottom-5-schools http://money.msn.com/now/post.aspx?post-24bb9426-0d00-4blb-bcd9-90375c1423f4 http://mckinseyonsociety.com/downloads/reports/Education/Education-to-Employment_FINAL.pdf DEVELOPED BY N NOWSOURCING