Source: CNBC
Fewer than 41 percent of students who attend college in the U.S. obtain their degree within four years, so to calculate just how much a student is expected to pay in tuition for college is impossible. But often times, some students are in a better position than others upon graduation, purely because they can expect a salary that will help them pay off their debt quicker.
CNBC Make It has compiled a list of colleges whose degrees pay off quicker than others, “providing students the highest average salaries for their tuition dollars.”
Among those colleges, the top universities within the private sector included Stanford, Princeton, University of Chicago, California Institute of Technology, and Harvard University; within the public sector, institutions included University of Washington-Seattle, University of Washington-Bothell, Massachusetts Maritime Academy, University of Michigan Ann Arbor, and the Georgia Institute of Technology.
The list took several factors into consideration, including the cost of the university, the typical number of scholarships students received for those institutions, the burden for families of median incomes, and more.
The report concluded that while top competitive universities do often pay off, there are smaller liberal arts colleges that can also pay off.
Read Full Story: CNBC