It turns out getting a degree from U.Virginia has the best return on investment at 17.6% per annum on your tuition dollars (the ones you or your parents pay or borrow -- they based the cost as typical actual cost after scholarship aid, not rack-rate tuition) the Ivies give a yield between 15.1% and 12.1%, while there are colleges at which one would be better off just working with the high school diploma and putting the tuition money in T-bills (places like Moorehead State College with a return on tuition of just 0.6% per annum, or even worse, UNC-Ashville with a return of -0.5% (yes, on average you lose money compared to just hittin the job market out of HS if you got there) or the nadir a tie between Fayetteville State University and Shaw University with a return on tuition investment of -10.6% per annum.
I noticed the same article in the Economist. In recent weeks, I think there’s been around two additional articles that really drove home the distant values of various colleges.
What I will also note...is that no one really viewing community colleges, and their value on graduates. The vast number of people out there in the first year of college...ought to really be at some community college...going for a simple two-year degree. They could live out of dad’s house, pay less than $10,000 a year on tuition, and make around the same amount of income as the four-year guy.
I admit....lawyers, scientists, and medical grad’s are in need. But just how many French art experts, ethnic studies gurus, and library science technicians do we really need in America? We are wasting money and time....on degrees with no real value.