New Report Looks at Colleges' Return on Investment

Updated: 03/28/2014 7:26 AM
Created: 03/28/2014 7:18 AM
By: Jennie Olson

College is a huge investment of both time and money, and Americans are currently swimming in $1 trillion in student debt.

Some students are wondering if all the debt is worth it or if they would be better off just entering the workforce straight out of high school. The 2014 Payscale College Return on Investment Report looked into that issue.

The school that gives you the most bang for your buck is Harvey Mudd College; in the 20-year stretch after you graduate, you would come out more than $1 million ahead of where you would have if you just had a high school degree, even after you consider all of the money that you had to pay just to go to that college.

The University of Minnesota ranked 133rd out of more than 1,300 colleges; their graduates are nearly $500,000 better off than those with just a high school degree.

University of St. Thomas and Minnesota State University students are both $350,000 better off.

According to the study, Shaw University in Raleigh, N.C., is the worst college when it comes to investing in education. After 20 years, their graduates are $121,000 in the hole compared to workers with a high school education.

See the complete rankings here.

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