What is the return on investment (ROI) for the colleges on your list?
Most families consider the cost of colleges as part of their student's decision, but very few stop to consider the return on investment (ROI) of a college education, and the relative ROI of the colleges on their student's list.
Payscale.com makes it easy to see the difference between 24 years of a salary with a high school education compared to 20 years of an average salary from each college minus the cost of the college.
* 24 years of a $50,000/year salary is $1,200,000.
* 20 years of a college grad salary of $85,000 is $1,700,000 or a difference of $500,000.
* If the college education cost $120,000 (Like UMass), then the ROI is $380,000.
* If the college education cost $280,000, then the ROI is reduced to $120,000.
Take a look at the full list on payscale.com using this link
Let's discuss the ROI of the colleges on your list at our next meeting, or give me a call today.