Tagged: college education roi
Venerable investment bank Goldman Sachs undertook a study to examine the costs of a college education as well as the associated returns on investment (ROI). What they found may surprise some of you. In 2010, the average college graduate had to work for 8 years to pay off student debt, meaning they will be about 30 years old. Because of rising college costs, the Class of 2015 is expected to become debt free at age 31 and 2030 and 2050 graduates won’t pay off their debt until ages 33 and 37, respectively.
The new report also found that many students at the colleges that rank in the bottom 25% earn less, on average, than high school graduates and may be better off not going to college at all.
If you’re considered about college ROI — and it is indeed a perfectly legitimate concern — we would advocate careful consideration of major and career choices for starters. We would also strongly encourage our readers to be wary of the for-profit schools that often saddle their graduates with the highest student debt levels and lowest increases in post-graduation salaries. We fully believe that the top-tier schools, in particular, will continue to provide ample career opportunities for their graduates while also continuing to provide them with a relatively low debt platform from which to start their careers. (Currently, only 17% of Princeton students graduate with student debt and the average for these students is only $6,600.)
Best of luck with your applications!
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Everyones new years resolution should be to hit the books harder
The bottom 25% of schools where the graduates are better off having not even gone to college are the for profits.
Better not to go to college then attend a for profit
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