Tuesday, December 16, 2008

State Colleges Better Bang For Buck

SmartMoney and PayScale looked at the question: Are private colleges' high tuition worth it compared to state schools? They based their rankings on what the graduates earn in their early and midcareer vs. the debt they have to take on. They developed a "payback ratio" and here are their findings:

  • The top state school has a three to one payback ratio compared to the highest private school
  • State schools are a better deal than most of the private schools, including ivies.
  • If you factor in loan costs, the private schools are at the bottom of the payback list.
  • Many of the top state schools are attracting greater numbers of top quality students.

http://www.smartmoney.com/personal-finance/college-planning/the-best-colleges-for-making-money/

http://www.smartmoney.com/Personal-Finance/College-Planning/colleges-that-pay-off/?page=all

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© 2008 Michael Hepner Hani Sarji The Personal Finance Lifeline Blog