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10 Colleges That Are Worth The Money

10 Colleges That Are Worth The Money
EducationEducation1 min read

California engineering school Harvey Mudd College has the best return on investment of any higher education institution in the United States, according to a new report from salary tracking website PayScale.

In order to compile its ranking, PayScale looked at salary data for employees with bachelor degrees, not including any jobs that would require a graduate degree, such as law or medicine. The net cost of each school was determined by looking at graduation rates, financial aid, and "campus cost" - which is made up of tuition and extra costs such as room, board, and books.

PayScale ranked the colleges on a 20 year net ROI, which is defined as "the total earnings, minus the cost of the degree, minus the average earnings over the person with only a high school education," according to 538, where we first saw this report.

Click over to PayScale's website for more on their methodology >>

Harvey Mudd topped PayScale's list with a $229,500 total price-tag to graduate, but a total 20 year income of $980,900. The rest of the top 10 was also made up by tech schools, including MIT, Georgia Tech, and Stanford.

PayScale's 10 schools with the best ROI below:

  1. Harvey Mudd College - Cost: $229,500, ROI: $980,900
  2. California Institute of Technology - Cost: $220,400, ROI: $837,600
  3. Massachusetts Institute of Technology - Cost: $223,400, ROI: $831,1000
  4. Stanford University - Cost: $236,300, ROI: $789,500
  5. Colorado School of Mines (In-State) - Cost: $114,200, ROI: $783,400
  6. Georgia Institute of Technology (In-State) - Cost: $92,250, ROI: $755,600
  7. Rose-Hulman Institute of Technology - Cost: $217,400, ROI: $736,200
  8. Polytechnic Institute of New York University - Cost: $223,900, ROI: $724,500
  9. Stevens Institute of Technology - Cost: $250,900, ROI: $722,400
  10. Colorado School of Mines (Out-Of-State) - Cost: $178,500, ROI: $719,000

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