Ranking universities across the nation, and within Minnesota, by return on investment
College is an investment. So what's the return on that investment? A recent study by Affordable Colleges Online, a national compendium of college tuition and costs, provides some insights. The study ranks universities by their ability to boost a graduate's lifetime income. That boost is calculated as income earned over a standard 30-year career above that of someone with a high-school degree, minus the cost of a degree — tuition, housing, and fees — and discounted back to today's dollars. The study does not separate types of degrees, but it does give an idea of the financial performance of each university, from a student's perspective. "While the ROI methodology is not a perfect measure of the value of a degree, it does strongly suggest that a college education is still a very wise investment from many institutions," says Dan Schuessler, founder of Affordable Colleges Online. Below, the top five ROI performers in Minnesota.
1. Saint John's University: $860,800
2. University of Minnesota, Twin Cities: $825,900
3. Carleton College: $774,600
4. University of St. Thomas: $753,700
5. Macalester College: $672,500
Find the full report here.