There are many reasons why someone might go to college. They include skill development, job security, career switch opportunities, personal investment, career advancement, to build a broad network, gain a competitive edge, receive specialized learning and also career preparation. However, not all schools are equal and clearly, not all tuition is proportionate.
Going to college requires a substantial upfront financial investment and you don’t want to waste your money. Money Wise has created a list of the “Worst College for Your Money in Every State”. The rankings were based on publicly available data including employment rates, earnings and the prices after financial aid. They also factored in student loan debt and default rates. Money Wise generally excluded schools with a student body of less than 2,000.
Which School In Indiana Has A Bad Return On Investment?
The winner, or loser in this case, is Vincennes University.
Tuition at Vincennes University is cheap, but the median salary six years after graduating is slightly below average.
The average annual tuition at Vincennes is $9.937. Comparatively, this cost is low. However, when looking at the median income six years after graduation, former pupils are making an average of $32,800.
On top of that, the average student loan debt over four years is high at $30,456, and a staggering one-fifth of borrowers default on their student loans, which is more than double the national average.
“You get what you pay for, as this is possibly the most budget-friendly school in the state of Indiana,” a sophomore comments. “Teachers can be hit or miss, class sizes are reasonable, and the overall facility is fairly well kept.”
Which School In Indiana Has A Good Return On Investment?
Purdue University – Main Campus tops this year’s ranking as the best value (no aid) school in Indiana for overall quality. The average cost without aid for the school is $20,022 a year for undergraduates. The average cost to attend the school for graduate students if you don’t receive any aid is $20,022 a year. Boiler Up!
Closely behind Purdue is Indiana University – Bloomington. Not only is Indiana University – Bloomington a great value, but it is also ranked #3 in Indiana for overall quality. The average cost without aid for the school is $22,427 a year for undergraduates.
Which School In Indiana Has A Good Return on Investment with Financial Aid?
They list the following schools with having the best return on investment in Indiana of colleges while considering financial aid are:
- Rose-Hulman Institute of Technology.
- University of Notre Dame
- Wabash College
- Purdue university-Main campus
- Indiana university-Main campus
- Indiana Institute of Technology
- Trine University
- DaPauw University
- Indiana University-Purdue University-Indianapolis (IUPUI)
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