Payscale’s negative ROI may be off here because more than 90% of Meredith’s students get financial aid. Like #2, it’s 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 can’t be successful without a college … It takes the median salary those grads are earning now and adds up the numbers to get a 30-year ROI in today’s 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. © 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. Payscale’s lead economist Katie Bardaro explains that the site’s 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 don’t get counted because it’s 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 bachelor’s degrees. In The Daily Beast’s first guide to overlooked colleges, … EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — 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 (it’s not an impersonal robo–list). It’s tough to put a price on those benefits. To do well in college, you … All 8 possible results are amazing colleges (mainly in the U.S.) that you could attend … There’s 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 don’t 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 don’t get higher degrees, it’s possible to go to a school where a degree just doesn’t 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 Payscale’s 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. 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