I ranked colleges by ROI
I ranked colleges by ROI
Recent public debates about whether college is worth it motivated me to try to specifically answer that question at a university and degree program level. For my analysis "ROI" is represented by net present value, which accounts for likelihood of completion, median income and debt at graduation, and the opportunity costs of not entering the workforce immediately out of high school. The most interesting insight from this work for me is the stark divide between majors. College is nearly guaranteed to be a good choice if you are studying fields in STEM or business - this is true across all "tiers" of institutions and even for-profits. This is contrasted by programs in the arts for example, where fewer than 20% of programs leave the median student better off... while these students pay the same tuition and are able to take on the same amount of debt.
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