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.