NEWSLETTER
As last year students reflect on the route they wish to take for the university, a new database sheds light on which higher education institutions and programs are paying off students, and which are producing smaller days of payment.
Edsurge creaked the most recent lot of data on the university score card of the United States Department of Education to see how universities accumulate when it comes to profits, student debt and graduation rates. The figures are based on the information of the students who received federal help, whether subsidies or loans, in public schools and universities.
The results are four graphics that show what the university is worth in terms of cash.
Weighing profits against debt
As lending students revolt to make sense of the judicial battle on the reimbursement policies of the Biden era, it is not surprising that Some high school students are cautious of the perspective of taking debts to pay for your education.
Taking a vision of salaries of salaries that students are landing six years after registering for the first time at their university of choice, at least half of the 10 main institutions for profits are maritime academies or have strong maritime programs.
We have written in the past about naval architecture, the niche but profitable specialist at the university, where graduates can be at the forefront of huge engineering projects at the beginning of their careers, experts say. Initial wages can vary from $ 75,000 to $ 85.00 for those who follow the military route, or $ 75,000 to $ 100,000 for graduates entering an industry such as oil and gas.
As the median student debt of each university increases, so do the average profits, apart from a handful that was the other way around in their profits to debts. The Grambling State University in Louisiana had the average debt of average student loans of $ 36,500; His students obtained an average salary of approximately $ 25,600 six years after registering.
Bethany Hubert is a specialist in financial aid at Going Merry By Earnest, a website that helps students find scholarships, where they have spent their career helping families and school advisers understand how students can finance their education.
Hubert says that he has heard students express concern about the possibility of debt, but not necessarily deter them from their university plans.
“While the students of generation Z especially find that taking student loans are intimidating and the cost of the university is really expensive, and they have questions about 'Is it worth it?' – They also feel a great pressure from their parents and their schools to go to university, ”explains Hubert.
Parents are generally taking care of the process, he says, and may be willing to receive educational loans for their children.
Where Hubert sees reluctance if it means that the debt is among low -income and first -generation university students, who have less support when it comes to planning and financing their higher education.
“I think it is the fact that in the past students could visualize the return of their investment with their education, with their degree,” she says, “but now the Z generation comes to this place where they think that the university could be a bet for their financial future, not an investment.” It is a kind of multifaceted problem here, where the preparation for the university and the career really pushes the university, but does not always explain how to pay the university. That is something that I think many schools could address the approach. ”
The data support what Hubert has experienced when talking to students and their parents.
In Survey of approximately 1,000 attitudes of high school students On higher education, the group of experts based in Washington, DC, third way, discovered that their perception of the potential return of university's investment depended largely on family income and the socio -economic status of students. Among the students who were more concerned about the cost of higher education, 57 percent believed that a four -year title “is worth the investment and is generally worthwhile” compared to 88 percent of the highest income students who said the same.
“For the next generation of university students, it is not about whether the cost is important in their postsecundaria planning, but how much matters: 89% combined of the students said that the cost was” very important “or” something important “to decide whether to attend a four -year program,” according to the organization's analysis. “Almost a third of the students surveyed (29%) are not considering a four -year title or want to obtain a four -year title, but see the cost as a barrier that does not consider it an option.”
Investment return
For students who wish to win an initial salary as much as possible after graduation, it may not be surprising that the four -year programs that deliver the largest payment checks are in science.
The graduates with the highest average salaries a year after graduation are those who studied computer science at the University of California-Berkeley, where students had an average salary of almost $ 150,000 with a median of $ 13,750 in debt of student loans.
Other fields among university programs with the 100 wages with the highest gain for recent graduates included Nursing, Pharmaceutical Sciences, Engineering, Business Construction and Administration Management. The students of these programs obtained a median of approximately $ 90,000 or more.
The 100 university programs with the lowest initial wages for graduates included specialties such as drama, fine arts, dietary and anthropology.
The graduates of the Drama School of the Polytechnic Institute of Virginia and the State University are winning the highest average initial wages by approximately $ 36,600, while the main average gains of Fine Arts were around $ 44,500.
