My editor, a St. Olaf College alumnus, is going to kill me for this.
The Daily Beast has ranked the school #15 on its list of colleges with the worst return on investment — in other words, what you earn after graduation relative to what you’ve spent on a degree.
Here are the stats presented:
6-Year Grad Rate: 84.9%
Average Net Price: $26,276
Average Starting Salary: $39,200
Average Midcareer Salary: $77,500
We all know higher ed is not just about punching a ticket to a good job.
So take it all with a grain of salt.
Note: I’ve received some critical feedback on this. I think it’s important to note that a lot of these colleges are well-known names. As the note on methodology states, lots of other campuses weren’t even worthy of consideration. I think this is a list of the lowest ROIs among solid colleges. It’s appears to be a pretty simplified calculation, but raises interesting questions about the value of a college education.
All that said, you can decide how serious to take it. I find it interesting, but not worth spending too much of my time on.