Is College Worth It? A Comprehensive Return on Investment Analysis | by Preston Cooper | Oct, 2021 | FREOPP.org

Most students attend college in order to get a better job with a higher salary. But the financial returns to college vary widely depending on the institution a student attends and the subject he or…

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many datasets on college ROI here. key findings: This report estimates return on investment (ROI) — the increase in lifetime earnings minus the costs of college — for nearly 30,000 bachelor’s degrees. For students who graduate on time, the median bachelor’s degree has a net ROI of $306,000. But some degrees are worth millions of dollars, while others have no net financial value at all. After accounting for the risk of dropping out, ROI for the median bachelor’s degree drops to $129,000. Over a quarter of programs have negative ROI. Four in five engineering programs have ROI above $500,000, but the same is true for just 1% of psychology programs. Elite schools such as Caltech and Penn dominate the list of highest ROI programs. But attending an elite school is not a golden ticket; some Ivy League degrees have negative ROI.