10 Colleges with the Best ROI
Just like a mutual fund or roth-IRA, a college education is an investment. If you want to choose your school based on the profitability of your degree down the line, check out these ten schools.
Get Your Money's Worth
Going to college often comes at a steep cost, but earning a degree provides considerable professional benefits that can justify the expense. PayScale.com performs an annual analysis designed to determine which schools provide the greatest return on investment (ROI) for postsecondary expenses. Here are the 10 schools that are most worth the money.
1. California Institute of Technology
Annual ROI: 8.8%
Annual ROI with financial aid: 13.3%
Cal Tech is a research university in science and engineering. The school is located in Pasadena, California.
2. Massachusetts Institute of Technology
Annual ROI: 8.7%
Annual ROI with financial aid: 14.2%
MIT is located in Cambridge, Massachusetts. It has been in existence since 1861, and its average loan amount over four years is $32,200.
3. (Tied) Harvey Mudd College
Annual ROI:: 8.3%
Annual ROI with financial aid: 11.9%
This school, opened in 1955, offers Bachelor of Science degrees in areas such as computer science, chemistry and engineering. Less than 1,000 students attend this university.
3. (Tied) SUNY - Maritime College (In-State)
Annual ROI: 13.2%
Annual ROI with financial aid: 14.8%
SUNY - Maritime College is an institution located in the Bronx, New York City. Students typically take five years to graduate from this university.
5. SUNY - Maritime College (Out-of-State)
Annual ROI: 11.3%
Annual ROI with financial aid: 12.3%
6. Stanford University
Annual ROI: 8.0%
Annual ROI with financial aid: 13.9%
Located in Silicon Valley, this institution has been open since 1891. Current enrollment includes nearly 10,000 graduate students.
7. Colorado School of Mines (In-state)
Annual ROI: 11.2%
Annual ROI with financial aid: 13.2%
This public research university is located in Golden, Colorado. Students at this university will focus their studies on environmental sustainability with regard to natural resources.
8. Georgia Institute of Technology (In-state)
Annual ROI: 12.4%
Annual ROI with financial aid: 15.6%
This research university is located in Atlanta, Georgia. It is one of the nation's top public universities, according to U.S. News and World Report.
9. Princeton University
Annual ROI: 8.2%
Annual ROI with financial aid: 14.1%
This Ive League college first began in 1746. 5,200 undergraduate students attend this university, located in New Jersey.
10. Carnegie Mellon University
Annual ROI: 7.8%
Annual ROI with financial aid: 10.6%
This university hosts nearly 14,000 students, from over 100 countries. It is ranked as the number four engineering college in the nation, according to U.S. News and World Report, 2016.