BIG EAST ROI AND COST - a surprise or two

[robinreed]

http://www.payscale.com/college-roi/

COLLEGE ROI FOR BIG EAST SCHOOLS AND FOR SOME OF THE OLD BIG EAST MEMBERS

RANK - NAME - 20 YEAR ROI - 4 YEAR COST - GRAD RATE %
165 VILLANOVA $440,100 - $222,900 - 90
287 DEPAUL $357,000 - $166,300 - 70
452 ST. JOHNS $287,100 - $215,900 - 56
139 SETON HALL $463,400 - $199,600 - 64
834 XAVIER $165,100 - $178,000 - 76
116 GEORGE TWN $486,300 - $236,700 - 92
350 MARQUETTE $319,500 - $183,500 - 78
351 CREIGHTON $319,300 - $183,700 - 76
762 BUTLER $186,200 - $186,600 - 74
374 PROVIDENCE $311,200 - $221,800 - 85

FORMER BIG EAST MEMBERS
389 SYRACUSE $304,200 - $218,800 - 81
310 PITT $342,200 - $120,800 - 80
159 CINCINNATI $444,300 - $108,700 - 58
149 UCONN $449,700 - $103,300 - 83
539 USF $261,500 - $81,500 - 63

Obviously the higher the 20 year ROI and Grad Rate and the lower the 4
year cost the better. Among our members Nova, Seton Hall and Georgetown
are superior as for the former members Uconn, Cincinnati and Pitt seem
the best.

I am much surprised by X and Butler and NOT favorably so.

[DudeAnon]

Those costs are just embarrassing. Can't wait till the student loan bubble pops.

[robinreed]

HERE ARE A FEW WEST COAST SCHOOLS (PUBLIC AND PRIVATE) WITH 20 YEAR ROI, 4 YR COST AND GRAD RATE TO COMPARE TO OUR EASTERN AND MID WEST SCHOOLS.


82 SAN JOSE STATE - $540,000 - $93,000 - 48%

315 SAN DIEGO STATE - $337,900 - $95,100 - 66%

37 CAL SAN DIEGO - $625,000 - $118,000 - 86%

124 UCLA - $477,500 - 123,500 - 90%

20 CAL BERKELEY - $703,100 - 129,900 - 91%

288 SEATTLE UNIV - $356,500 - 196,500 - 77%

51 SANTA CLARA - $596,200 - 226,800 - 84%

I of course expected the 4 year cost to be much higher in the private uni's however the 20 year ROI difference is much greater in the publics than I anticipated. Plainly the 4 year cost effects the ROI but the variance is still significant.

[gtmoBlue]

The presumption is that you are:

1) attempting to make a point by presenting all these numbers.
2) ...and your point is?
3) Using dollar cost points to quantify your opinion on the quality of education at these schools? Why do you add the grad rate numbers - how do grad rates affect your outcomes?
4) are you implying we all go to our local public college/University? Why?

Had I known about such great ROI's "back in the day" I could have saved a bundle by attending West Dodge High (former Omaha University...now a.k.a. Univ of Nebraska - Omaha or UNO).

[robinreed]

The presumption is that you are:

1) attempting to make a point by presenting all these numbers.
2) ...and your point is?

It is rather easy to determine what the purpose of my post is by simply reading the explanatory information on the quoted site. Allow me to paste some of it for you.

College ROI Report: Best Value Colleges

With the average college student graduating with almost $30K in student loans, prospective college students, parents and policymakers are all trying to better understand the value of college education in the job market. This isn't to say that students should only pursue majors with the highest earning potential or make decisions about where to attend school based solely off College ROI Report rankings. However, we currently have 18-year-olds signing on the dotted line for student loans they're not even certain they can pay back. Access to data showing how other alumni following a similar path have fared in the job market is critical to ensuring students are making financial decisions that make sense.

Student Loan Debt Is Reaching Crisis Levels

In the past, college was a ticket to a brighter future. Now, it's a ticket to immense debt and an uncertain financial future for far too many students. Student loan debt in the U.S. has now topped $1 trillion. According to the Federal Reserve Bank of New York, 44 percent of recent college graduates are underemployed -- working in jobs that don't require their degree -- as of 2012.

In a recent report to Congress, Fed Chairwoman Janet Yellen talked about the struggles of the Millennial generation saying "They're certainly waiting longer to buy houses, to get married. They have a lot of student debt. They seem quite worried about housing as an investment. They've had a tough time in the job market."

Those delays could have a serious impact on the U.S. economy as a whole and specifically the housing market. Derek Thompson of The Atlantic recently wrote "More years of school + more student debt + lower starting salaries + a nervous housing market + stricter rules for new home-buyers = no new home-buyers."

College Return on Investment

No matter how you look at it, college is an investment -- both of time and money. The benefit to this particular investment is that there are returns far beyond the obvious monetary ones. However, the financial aspects of evaluating college return on investment cannot be ignored. And, some schools are simply doing a better job of setting their alumni up for success in the job market. Whether you're planning to study computer science or psychology, earning potential in your chosen field, along with the cost of attendance for the schools you're considering, should be part of the equation when whittling down your list of best return on investment colleges.

To that end, we've provided the ability to view the best value colleges for various majors and career paths as well as evaluate ROI at a school overall. You can see which colleges are providing the best monetary return for their alumni via low cost of attendance, high earning potential or a combination of the two.

Does not this seem self evident?

[Bostonspider]

I think it is interesting that when you add in financial aid, one of the options at the top, private schools like Georgetown and Richmond jump up almost 50 spots to the 68th and 69th spots.. That seems to be a truer ROI for a lot of the Private Schools when way over half of the students are receiving aid.

[GumbyDamnit!]

I'd be interested to see if they've factored in cost of living. As a young grad back in the day I was trying to decide between two job offers--one in Manhattan and one in suburban Philly. The cost for me to live in Hoboken, NJ vs. right outside Philly was night and day and became a major factor for me even though the NYC job paid more. Looking strictly at earning potential upon graduating seems to miss the mark of the spirit of the study. And I would think that the Manhattan firm was well aware that they needed to offer more to attract the kind of talent they were interested in, considering the high cost of living in the metro NY area.

In other words how can you judge ROI of Creighton vs. G'town (DC), Nova (Philly) or SHU (metro NY)? If a kid graduates from CU and makes $100K in rural NE and another kid graduates from Nova or SHU gets a job in Manhattan and making $110K at the same time, how would that affect ROI? I would imagine Nova and SHU would score higher but we all know that the kid in NE would prob have much more in his pocket after expenses.

Just a thought.

[marquette]

I think it is interesting that when you add in financial aid, one of the options at the top, private schools like Georgetown and Richmond jump up almost 50 spots to the 68th and 69th spots.. That seems to be a truer ROI for a lot of the Private Schools when way over half of the students are receiving aid.

What he said. Those numbers appear to be sticker cost and living expenses. However, I have not met a single person at Marquette who didn't get some kind of scholarship. Over half (58%) of Marquette students received need based aid, the average being nearly $17,000. That means that the actual cost for most MU students is around $68,000 less than that over 4 years. Throw in a fair amount of merit-based scholarships (such as the one I received) and you have a very solid ROI. I am sure that most BE schools have something similar.

[Jet915]

An article about the conference from our ADs prospective.

http://www.omaha.com/creighton/season-in-review-creighton-s-biggest-big-east-benefit-came/article_96e57d3a-42a9-5a82-a423-76f496c02347.html?mode=jqm

[robinreed]

An article about the conference from our ADs prospective.

http://www.omaha.com/creighton/season-in-review-creighton-s-biggest-big-east-benefit-came/article_96e57d3a-42a9-5a82-a423-76f496c02347.html?mode=jqm

An excellent article pointing out the many advances made by Creighton in sports. I actually never doubted that Creighton, Xavier or Butler could compete in the Big East and I am pleased that has come to fruition. I knew one of Creighton's best players Rick Apke who came from Cincy to play for his brother Tom Apke (the Jays head coach) in the 1970's. I met Tom on one occasion and both spoke highly of Creighton. Hope Creighton keeps up the good work in the BE.