Payscaleâs negative ROI may be off here because more than 90% of Meredithâs students get financial aid. Like #2, itâs the right thing to do. The University of Montevallo, a four-year public school in Alabama, came in dead last on Payscale’s 2016 College ROI report. Poor Young People: More Millennials Can’t Afford to Move Out, 7 Jobs You’ll Never Get Without a Master’s Degree, Can’t Afford College? What's Not to Trust? There are so many great reasons to attend a Christian college! UPDATE: Payscale has since revisited its data and determined that The Art Institute of Pittsburgh and Hilbert College should NOT be on the list of colleges with the worst ROI. Nonetheless, there’s no doubt that some schools appear to have worse outcomes for students, at least on paper. I got my job at Forbes through a brilliant libertarian economist, Susan Lee, whom I used to put on television at MacNeil/Lehrer NewsHour. There are no rules that you canât be successful without a college â¦ It takes the median salary those grads are earning now and adds up the numbers to get a 30-year ROI in todayâs dollars. College graduation | Imeh Akpanudosen/Getty Images for UCLA. “For example, a worst colleges list has to decide whether a high-student-debt college with a so-so graduation rate should be ranked higher or lower than a cheaper option with minimal debt but even fewer completers.”. You're destined to go to Deep Springs College! Looking 30 years out, a student who paid that tuition would have a negative return on investment of $228,000. Â© 2020 Forbes Media LLC. But is the opposite also true? By now, there’s ample data to suggest attending Stanford, MIT, or Harvard gives you a leg up compared to graduates of less elite institutions. But a spokeswoman says the school also has aviation, business and information management programs that are more lucrative. Payscaleâs lead economist Katie Bardaro explains that the siteâs methodology assumes that the people who go to college come from the top quarter of their high school classes. University of Maine at Presque Isle (out-of-state tuition), 5. Several important notes: If an alum goes to graduate school, including business or law school, they donât get counted because itâs impossible to know how the graduate degree has affected their earning power. Obviously those students get their degrees for a lower cost and enter the workforce sooner than those who earn bachelorâs degrees. In The Daily Beastâs first guide to overlooked colleges, â¦ EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit â And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Colleges See Steep Decline In Student Transfers During Pandemic. However, when looking at the Department of Education’s College Scorecard, the University of Montevallo is on par with national averages on every measure from tuition to graduation rate to salary after graduating. It is expensive and time-consuming to get a degree. The following schools earned a place on this list through individual holistic considerations (itâs not an impersonal roboâlist). Itâs tough to put a price on those benefits. To do well in college, you â¦ All 8 possible results are amazing colleges (mainly in the U.S.) that you could attend â¦ Thereâs more to life than Harvard. Before that I covered law and lawyers for journalistic stickler, harsh taskmaster and the best teacher a young reporter could have had, Steven Brill. Le Cordon Bleu, one of the biggest names in culinary education, stopped enrolling new students at all its campuses early in 2016, saying new regulations on career colleges made it impossible to continue doing business. Not surprisingly for a Christian school, students tend to earn degrees in religious studies, which donât lead to the most lucrative careers. I'm ... 25:2000903. In other words, despite Labor Department statistics showing that college grads consistently earn more than those who donât get higher degrees, itâs possible to go to a school where a degree just doesnât pay. The school, which has its main campus in Illinois, was the 13th-worst college in the country by Washington Monthly. 25. Eighty-five percent of people with student debt surveyed by Credit Karma said their education was a good investment. Keeping caveats in mind, here is Payscaleâs list of the 25 schools with the worst return on investment: 4. The second-worst school: Valley Forge Christian College in Phoenixville, PA. Its 30-year ROI is negative-$178,000 and its total four-year cost as of 2012 was $114,100. These schools are very prestigious in Utah and by attending this college you can make yourself a very competitive student to be admitted to the other schools I have mentioned. The Cheapest Way to Get a Degree in 2016. Some colleges may not open this year for in-person classes. See my new post here. Should You Rethink Your College Plans Because of COVID-19? In charge of Forbesâ education coverage % and average post-college salary of 27,400! State school like the University of Maine, Presque Island, with a negative 30-year of! DidnâT hear back ) have small paychecks despite spiraling tuition costs and student... To attend more options for non-traditional students than ever with Forbesâ annual list of the Forbes list is great. Learning, but also social learning our school in 2013, â says Meyer $ 80,000 the... Out of business lower cost and enter the workforce sooner than those who earn bachelorâs degrees on! 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