AC Online has included two elements here to facilitate understanding and promotion of the High ROI Colleges list. The text below explains, in detail, the methodology used to identify the colleges in each state that show consistent payoffs in the workplace. We’ve also created a high resolution badge for use as visual accompaniment to any online or print stories and releases.
You’d expect better earnings in your field with a college education, but these schools show consistent payoffs in the workplace, based on data from:
- PayScale.com’s 2013 College Earnings Report
- Integrated Post-Secondary Education Data System (IPEDS)
- The National Center for Education Statistics (NCES)
- The Carnegie Foundation
Annually, high school seniors across the nation seek higher education opportunities that are both academically challenging and affordable. Now more than ever, with the costs of quality education increasing at a rapid pace, students and families are focused on ensuring their investment in education pays off in the long run.
The majority of college-bound high school seniors know in which state they’d prefer to attend school. With this in mind, AC Online has compiled lists of colleges with the highest return on investment, and organized them by state. The data is sourced from highly reliable sources, including the Integrated Post-Secondary Education Data System (IPEDS), Carnegie Classification, National Center for Education Statistics (NCES), and Payscale.com. See below for more details.
When it comes to education and income information, integrity of data is critical. AC Online leverages data from the most trusted United States government sources on the web. Our primary data sources and partners include:
The High ROI by State lists took a variety of important factors into account, including education and income related data from highly reliable sources. Criteria for each list included the following:
How is the ROI calculated? (The simple version)
Incremental lifetime earnings is the amount of salary earned by a graduate over a 30 year period over and above the amount earned by the average worker with a high school diploma.
The total cost of education includes tuition and fees, room and board, and supplies and fees. Total cost also factors in time to graduates. For example if the average time to graduation for a college is 4.5 years, then the total cost includes 4.5 years of the expenses.
ROI calculation for demonstration purposes
Incremental Lifetime Earnings (Discounted): $1,000,000
Total Cost of Education: $200,000
Return on Investment: $800,000
How often is the state ROI ranking released?
This information is released on an annual basis.
Can you tell me about Affordable Colleges Online?
College is becoming more expensive and student debt is ballooning. Affordable Colleges Online provides information to help future students and parents find a more affordable college education.
We aim to educate so that potential students are aware of their options for obtaining a degree and, most importantly, for paying for one. What are the most affordable and highest return on investment options – online study, two-year, four-year, public or private colleges? What financial aid options are available and what pitfalls should you avoid? We keep our finger on the pulse of college-related issues, the latest research, how the government is responding, and help you analyze your options.
Can you share the specific details for how ROI is calculated? (For the Finance Geeks)
For more information see the link here. PayScale did a great job documenting the specific details.
AC Online strives to provide valuable, insightful and accurate content for our readership. We welcome feedback, so if you have any, please let us know! The best way is via our contact form.