The Massachusetts Institute of Technology offers the best value for money at private colleges in the US, while those looking for low student fees should consider a military or maritime academy, research shows.
The data compiled from PayScale.com & # 39; s College ROI report 2018 on the best valuation colleges, compares the difference in median income over a 20-year period for graduates, and median income over a 24-year period for non-graduates, minus four years of tuition fees.
And a fascinating interactive scatter graph made by the Reddit user modern, the numbers are squeaking to emphasize which colleges offer the best return on their investment for students above their careers.
MIT, with an average earned academic value of just over $ 1,000,000 over a 20-year period, delivers the best value for money at private colleges. MIT graduates can expect that, despite their high tuition fees, they will earn much more in the course of their career than the average high school graduate.
Harvey Mudd College, a liberal arts university in Claremont, California, with around 1,000 students, also delivers a strong return on student investment.
Private colleges with the highest career income
- Massachusetts Institute of Technology: + $ 1,015,000
- Harvey Mudd College: + $ 978,000
- California Institute of Technology + $ 887,000
- Albany College of Pharmacy and Health Sciences + $ 870,000
- Stevens Institute of Technology: + $ 832,000
- Stanford University: + $ 811,000
- Webb Institute: + $ 801,000
- Princeton University: + $ 797,000
- Babson College: + $ 793,000
- Worcester Polytechnic Institute: + $ 777,000
- Kettering University: + $ 766,000
- Harvard University: + $ 760,000
- Rose-Hulman Institute of Technology: + $ 751,000
- University of Pennsylvania: + $ 739,000
- Dartmouth College: + $ 707,000
The total study costs over a four-year period are $ 272,000, and the total median income over the next two decades is $ 978,000 more than the median income of high school degrees, making it the second best-performing private school in the US in terms of long average income over time.
But for students who want a return without significant financial investments, military and maritime academies offer excellent value.
The Merchant Marine Academy from the United States is at the top of the list for the highest income compared to investments at all US institutions.
An average 20-year income of $ 1,094,000 more than the median income of high school degrees, with a four-year study cost of $ 34,900 (compared to $ 249,000 for the same period at MIT), yields a strong return.
Although it should be noted that students at military academies also invest a number of years of their lives in service as a consideration afterwards.
Similarly, the United States Military Academy, which does not require intake costs, also offers a strong return with a $ 1,041,000 over 20 years more than the median income of high school grades over 24 years.
At the other end of the spectrum, some colleges offer a negative return on investment over a 20-year period.
Students at the Maine College of Art pay $ 184,000 over four years, but earn on average $ 163,000 less than non-graduates over a 24-year period.
Similarly, students who want a strong return on their investment may consider avoiding Mississippi Valley State University, with a negative return of $ 174,600 compared to the income of high school students.
Winner: MIT, with an average earned academic value of just over $ 1,000,000 more than high school grades over a 20-year period, delivers the best value for money at private colleges. Harvard comes in 25th place on the general list because of the high tuition rate
The United States Military Academy, which does not require tuition fees, also offers a strong return with $ 1,041,000 more than the median income from high school grades over 20 years
The United States Military Academy, which does not have to pay fees for the intake, also offers a strong return with $ 1,041,000 more than the average income from high school grades
Harvard is in 25th place in the total list and offers a solid 20-year net of $ 760,000 more than the median income of high school degrees, which is offset by their high university costs ($ 254,000).
Specific colleges can be opened in the graph by searching for the name of the institution, with more information such as the early salary, the middle career and the average salary in the late career also detailed.
The research does not take student choices into account, with many students opting for their preferred roles in lower-paid industries such as art, and is simply a reflection of the average income over a given period.
. (TagsToTranslate) Dailymail (t) news (t) reddit