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12 Colleges That Aren't Worth The Money
Business Insider ^ | 05/05/2013 | Vivian Giang

Posted on 05/05/2013 6:40:31 AM PDT by SeekAndFind

Is getting a bachelor's degree still worth the cost?

Payscale, a salary data provider, answered this question by comparing the average cost of education to predicted income over 30 years for graduates at 1,060 schools in the United States.

It turns out that most schools are good investments — though Payscale economist Katie Bardaro warns that students should consider individually whether college is worth it for their intended career.

At around 3% of the schools, however, the return on investment over 30 years is negative, due to some combination of high tuition and low graduate pay. We've highlighted the worst of those schools here.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Education; Society
KEYWORDS: college; tuition

1 posted on 05/05/2013 6:40:31 AM PDT by SeekAndFind
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To: SeekAndFind

Heck yes...
I got a BA in Journalism, then went on to sell coal and heavy oil.


2 posted on 05/05/2013 6:46:00 AM PDT by Eric in the Ozarks (NRA Life Member)
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To: SeekAndFind

1. The Art Institute of Pittsburgh
Located in Pittsburgh, Penn.
School type: private
Cost (2012): $155,000
30-year net ROI: -$228,000

2. Valley Forge Christian College
Valley Forge Christian College’s additional location in Woodbridge, Va.
Valley Forge Christian College
Located in Phoenixville, Penn.
School type: private
Cost (2012): $114,100
30-year net ROI: -$178,000

3. Miles College
Location in Fairfield, Ala.
School type: private
Cost (2012): $92,280
30-year net ROI: -$136,000

4. University of Maine at Presque Isle (UMPI)
University of Maine at Presque Isle
Located in Presque Isle, Maine
School type: state
Cost (2012): $79,330
30-year net ROI: -$124,000

5. Florida Memorial University Miami-Dade
Located in Miami Gardens, Florida
School type: private
Cost (2012): $116,100
30-year net ROI: -$114,000

6. Springfield College
Located in Springfield, Mass.
School type: private
Cost (2012): $174,700
30-year net ROI: -$114,000

7. Hilbert College
Located in Buffalo, New York
School type: private
Cost (2012): $116,000
30-year net ROI: -$89,100

8. Fayetteville State University
Located in Fayetteville, N.C.
School type: state
Cost (2012): $113,400
30-year net ROI: -$82,600

9. Ozark Christian College
Located in Joplin, Mo.
School type: private
Cost (2012): $78,530
30-year net ROI: -$76,200

10. Meredith College
Located in Raleigh, N.C.
School type: private
Cost (2012): $150,400
30-year net ROI: -$66,200

11. Medaille College
Located in Buffalo, New York
School type: private
Cost (2012): $139,700
30-year net ROI: -$60,400

11. Shaw University
Located in Raleigh, N.C.
School type: private
Cost (2012): $110,700
30-year net ROI: -$56,500

12. Lakeland College
Located in Plymouth, WI.
School type: private
Cost (2012): $132,400
30-year net ROI: -$51,300
Source: Payscale


3 posted on 05/05/2013 6:54:58 AM PDT by martin_fierro (< |:)~)
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To: SeekAndFind

kinda expected to see some of the publicly/state-funded universities. Then we’d have something to talk about.


4 posted on 05/05/2013 6:58:29 AM PDT by fivecatsandadog (Let's not be so open-minded that our brains fall out.)
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To: martin_fierro

I see Christians sending their kids to “safe” Christian colleges and saddling their kids with a lifetime of debt. NOT GOOD.

Far better to live at home for two years while attending junior college, and then sending an older student away to a public university with trusted friends and/or siblings. Our local junior college isn’t nearly as liberal as most universities. In fact, a couple of the teachers there go to my church. :)


5 posted on 05/05/2013 6:59:44 AM PDT by GSD Lover
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To: SeekAndFind
Its not where you study, its what you chose to study.

A 4 year engineering degree from any ABET accredited school will give you a positive lifelong ROI.

6 posted on 05/05/2013 7:00:04 AM PDT by Last Dakotan
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To: martin_fierro

“University of Maine at Presque Isle”

LOL! Save the tuition and take a vacation there instead!


7 posted on 05/05/2013 7:01:48 AM PDT by iowamark
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To: GSD Lover

Even better to go to a vocational school for a year and learn a trade. Earn your own way through college. End up with no government loans and some real world education.


8 posted on 05/05/2013 7:06:08 AM PDT by abclily
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To: iowamark
LOL! Save the tuition and take a vacation there instead!

A distinction without a difference.

9 posted on 05/05/2013 7:07:17 AM PDT by Lonesome in Massachussets (Doing the same thing and expecting different results is called software engineering.)
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To: abclily

Most folks can handle $15,000 to $20,000 in student loans once they’re working and a student shouldn’t have more debt than that if he’s working. We pay for our kids to go to junior college (I realize not everyone can do that), and they work and save their money during those two years for university, and continue to work once they get to university. They end up saving and paying for all of their living expenses, and leave with loans for two years of tuition. Some have money saved during high school, but each child is different, and we don’t push working during high school.

And the trades are fine; one of my kids is strongly considering a trade.


10 posted on 05/05/2013 7:13:28 AM PDT by GSD Lover
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To: 3catsanadog; agrace; airborne; Ayn Rand wannabe; bdeaner; Benrand; bloodmeridian; Bockscar; ...
1. The Art Institute of Pittsburgh

It's a 'Burgh
>> PING <<
Thing.ô
Click for Pittsburgh, Pennsylvania Forecast
Send FReepmail if yunz want on/off BPT list, 'n'at
Learn Pittsburghese!
The List of Ping Lists

The school mascot is a Barista.

11 posted on 05/05/2013 7:14:19 AM PDT by martin_fierro (< |:)~)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks SeekAndFind.

http://en.wikipedia.org/wiki/PayScale
[snip] It was founded by Joe Giordano, a former Microsoft and drugstore.com manager, and John Gaffney. [/snip]

management:
http://www.payscale.com/about/management-team

board of d:
http://www.payscale.com/about/board-of-directors


12 posted on 05/05/2013 7:14:28 AM PDT by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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To: Last Dakotan
Its not where you study, its what you chose to study.

Indeed. UMPI is pro'ly on the list because of the choices of majors available there.

13 posted on 05/05/2013 7:20:46 AM PDT by NonValueAdded (3 guns when you only have one arm? "I just don't want to get killed for lack of shooting back")
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To: GSD Lover

And will they use their college degrees on their first job? With a trade already in place, they have a backup in case the economy does not require their college degree.


14 posted on 05/05/2013 7:26:53 AM PDT by abclily
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To: SeekAndFind

I think you could multiply that number by about 10 or 20. And if you focus on certain degrees, you could say that about 90% of colleges aren’t worth the money.


15 posted on 05/05/2013 7:30:15 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: SeekAndFind
I think something that will probably open a lot of doors is a major in Gay, Lesbian, and Transgender studies. Employers will be knocking down your door.

San Diego State University is only the second college or university in North America to have a major in Lesbian, Gay, Bisexual and Transgender (LGBT) Studies, beginning in January 2012. SDSU has also had a minor in LGBT Studies since fall 2009

http://lgbt.sdsu.edu/

16 posted on 05/05/2013 7:32:37 AM PDT by Pinkbell
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To: SeekAndFind

13. The University of Massachusetts Skool of Ejekation


17 posted on 05/05/2013 7:43:53 AM PDT by pabianice
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To: SeekAndFind

Wow, what a low bar to determine worthwhile. Return over 30 years? Lets us a higher standard and go for a return over 10 years and see how many are able to meet that bar. Better yet, lets get more specific and apply that to degrees.

I am of the personal opinion that most colleges are not worth the money if you are paying for it yourself. I am also of the opinion that unless you are in a “hard” degree (engineering, science, medicine, etc) it is also not worth it. There are some exceptions such as liberal arts in math, some business degrees and trade oriented degree programs (electrician, construction, etc).


18 posted on 05/05/2013 7:47:21 AM PDT by taxcontrol
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To: iowamark

I’ve lived up in The County (Aroostook County, Maine)

UMPI is used for two things: a “jumper” school for local kids to get basic courses out of the way cheaply before moving out of the house (and The County) to a “real” school in Civilization, and to generate teachers. Many of you hsve noticed, that new teachers these days are generally in the bottom third of their graduating class. And “The County” has been in a brain drain for DECADES, accelerated by the shutdown of Loring AFB, over a decade ago.


19 posted on 05/05/2013 7:51:21 AM PDT by Salgak (Acme Lasers presents: The Energizer Border. I **DARE** you to cross it. . . .)
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To: FReepers; Patriots; FRiends






FReepers are exempt.
Please Support Free Republic Today!
It's vitally important to Keep FR Alive.
ALL Contributions are for "THIS" Quarter's Expenses!

20 posted on 05/05/2013 7:52:36 AM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: GSD Lover

If you look at the a debt comparison of those in their early 20’s today and the same a couple of decades back, you see they have just about the same debt load, but the earlier group held credit card debt instead of government backed and subsidized student loan debt.


21 posted on 05/05/2013 8:06:29 AM PDT by 9YearLurker
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To: onyx

Hey except for some small square miles of Philly/Pittsburgh/part of suburbs - the REST of PA is quite RED.


22 posted on 05/05/2013 8:34:05 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: SeekAndFind

Great, my daughter is a senior at Springfield College. But she already has a job in her major. So...I guess it doesn’t pertain to her. Much.


23 posted on 05/05/2013 8:38:16 AM PDT by Vermont Lt (Does anybody really know what time it is? Does anybody really care?)
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To: Salgak

Good spuds though. I used to have to go up there once a year for the bank I worked for. A long, long drive from Portland. I had no idea Maine was that large.


24 posted on 05/05/2013 8:40:04 AM PDT by Vermont Lt (Does anybody really know what time it is? Does anybody really care?)
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To: GSD Lover

You are right that not everyone can pay for their kid’s education. But at some point reality needs to set in, the government and academia has been preaching that all kids deserve/need a college education and it is just not true. Many would be happier without college, going to a trade school or working in a field where they can work their way up with OJT.

I don’t see college as a need unless the career chosen requires it, then if the student wants it bad enough they can make it happen. College for the sake of going, getting a nonsense degree makes no sense. Starting at a community college, working their way through- taking few to no loans is the way to go. It is not the way people are programmed these days but it is possible and smarter.

Libs are hung up on fairness. Life is just not fair, no matter how you cut it. Being realistic goes against the tide now.


25 posted on 05/05/2013 8:44:27 AM PDT by Tammy8 (~Secure the border and deport all illegals- do it now! ~ Support our Troops!~)
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To: 2banana

Same goes for CA.
It’s almost always the huge cities that carry the states.


26 posted on 05/05/2013 8:44:39 AM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: Last Dakotan

Yep - at an average of 100K per year over 30 years for a EE degree - 3Million. Not hard math really. I haven’t seen a college degree yet that costs 1 million dollars (thinking of Austin Powers as I type that). At 200K+ though for many private Universities...what is the point.

As an EE I can tell you that no-one has been concerned about the university I attended or my GPA for over 30 years. They only cared at my first job... after that it has been what was on my resume.


27 posted on 05/05/2013 8:51:09 AM PDT by fremont_steve
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To: onyx

No I didn’t - it’s just that I’m surrounded!


28 posted on 05/05/2013 8:52:57 AM PDT by fremont_steve
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To: fremont_steve

I hear you!
It’s he// to be surrounded.


29 posted on 05/05/2013 8:56:57 AM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: SeekAndFind

A good list. I wouldn’t step foot in any of those. I feel I went to reasonable Florida State for my Bachelors and George Washington for my Master’s. No debt at all. Paid as I went. I do not have any interest in getting a PHD.


30 posted on 05/05/2013 9:10:10 AM PDT by napscoordinator (Santorum-Bachmann 2016 for the future of the Country!)
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To: martin_fierro; SeekAndFind
Wow has the cost at The Art Institute of Pittsburgh skyrocketed! My wife's parents met there a LONG time ago. They certainly didn't have that kind of money. Both did pretty well for themselves though raising 6 kids. One thing they were proud of was they designed the original Pittsburgh Penguins logo. Not bad for a couple of kids at an art institute. Sadly the both passed early before the Penguins became a powerhouse.
31 posted on 05/05/2013 9:20:05 AM PDT by prisoner6 (Right Wing Nuts help hold the Constitution together as the loose screws of the Left fall out!)
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To: iowamark

” “University of Maine at Presque Isle”

LOL! Save the tuition and take a vacation there instead!”

Apologies to iowamark. U of Maine at PI is in extreme northeast Maine. No vacationers in summer (they flock to Maine’s coast, hundreds of miles south); few in winter - winter sports stuff is south and west. Presque Isle is closer to more Canadian cities than US ones. Aroostook County is noted more for potatoes and blueberries.

Loring Air Force Base (closed 1994) was there only because of WWII: as the closest point in continental US to Europe, it was USAAF’s final refueling stop for aircraft on the long haul that Theater.


32 posted on 05/05/2013 9:48:43 AM PDT by schurmann
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To: 2banana

RE: Hey except for some small square miles of Philly/Pittsburgh/part of suburbs - the REST of PA is quite RED.

If the above is true, here are the possibilities as to what happened in 2012:

1) The rest of RED PA have smaller voting populations combined compared to Philly + Pittsburgh.

OR

2) Voter fraud in Philly + Pittsburgh overcame the rest of PA

OR

3) Too many apathetic voters in RED PA. Most did not bother to vote.


33 posted on 05/05/2013 9:55:49 AM PDT by SeekAndFind
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To: SeekAndFind; All

Just wonder how these figures will hold up...as we continue to send good high-paying science and engineering jobs out of America....and bring in poorly educated and prepared Third Worlders to fill similar positions in the US.

An engineering or science degree will lose value as long as we continue open borders and bad free trade deals. Soon we will see ROI for science and math majors similar to those of 16th Century English Art Criticism majors.


34 posted on 05/05/2013 10:19:18 AM PDT by SeminoleCounty (GOP - Greenlighting Obama's Programs)
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To: martin_fierro

I was at NC State back in the late 70’s/early 80’s.

Meredith College, along with Peace College and St. Mary’s College, served chiefly to place eligible females in close proximity to male Engineering students.


35 posted on 05/05/2013 10:37:13 AM PDT by Arm_Bears (Refuse; Resist; Rebel; Revolt!)
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To: fremont_steve
Yep - at an average of 100K per year over 30 years for a EE degree - 3Million. Not hard math really.

Now, if you were a Mechanical (God's Cresent wrenches), you'd have taken an Engineering Econ class and know that $100k over 30 years isn't worth $3 million...

36 posted on 05/05/2013 12:27:34 PM PDT by Last Dakotan
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To: SeekAndFind

Raw tuition rates can be misleading - some expensive schools can have very generous grant and scholarship packages. Also, as others have mentioned, ROI would depend heavily on your major.


37 posted on 05/05/2013 12:29:15 PM PDT by Slings and Arrows (You can't have IngSoc without an Emmanuel Goldstein.)
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To: Last Dakotan

Define which year is the base year. Whoops, I did. The Austin Powers reference seems lost on you.


38 posted on 05/05/2013 1:43:02 PM PDT by fremont_steve
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To: Vermont Lt

Yes, the potatoes WERE good. But Northern Maine has been suffering a brain drain since at LEAST the 1940s, and no longer has Loring AFB to bring in fresh blood.

Presque Isle, Caribou, and Limestone weren’t bad, but some of the more outlying towns, Fort Fairfield comes to mind, the inbreeding was beginning to get REALLY obvious. The running joke was, “At night, you can HEAR the genes crunching. . . “


39 posted on 05/05/2013 1:50:19 PM PDT by Salgak (Acme Lasers presents: The Energizer Border. I **DARE** you to cross it. . . .)
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To: martin_fierro

I gather that basically all the negative ROI schools are for rich, libtard kids.


40 posted on 05/05/2013 3:45:45 PM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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