In deciding where to enroll in college, you’ve no doubt looked at a given school’s academic programs, campus life and culture, and financial aid programs. All of those factors are important, of course. But have you also considered a college’s potential return on investment (ROI)?
ROI looks at outcomes: a college’s graduation rate, first-year earnings for new graduates, alumni networks and post-graduate support, and average career earnings for alumni - and then compares it to the cost of attending that school. Once you know the potential ROI for a given college, you’ll get a big-picture view of whether that school can help you reach both your academic and career goals.
So, how can you determine if a particular college will have great outcomes? Check out some of Edmit’s best tips about college ROI to guide you in your research.
Choose the right school
- Keep a Level Head: 5 Ways to Take Emotion Out of the College Decision Approaching the college choice as an informed consumer will serve you well in the long run.
- Will Attending a More Selective School Guarantee Future Success? Depending on your demographics, the answer is…maybe.
- Find Your Best Fit College: Look for College Career Services and Academic Advisors A college’s career prep and academic guidance services typically aren’t the first qualities talked up during a college tour—but they play an oversized role in overall student success.
- What Do Best College Rankings Actually Measure? Do you know the methodology behind all those “best” lists? Get informed to see which criteria actually provide value in terms of what you hope to get out of college.
Choose what you will study
- Turns out the alignment of your major to your long-term career and life goals pays a big role in overall personal satisfaction. Here’s how to dig deep and consider which major best suits where you want to (ultimately) go: When Choosing a Major, Think Long-Term Relevance
- Should I Major in the Liberal Arts? If you major in English, music, art, or another liberal arts field, will you be able to find a job after graduation? The data paints an interesting picture.
- Which College Majors Make the Most Money? The Answer May Surprise You Turns out not all STEM majors are created equal. If high earnings is a priority for you, find out which majors will set on you a strong path.
Once you know the cost, make a plan for how you’ll pay
- Understand the true cost of student loans - it’s more than the amount you borrow. How Much Does a Student Loan Really Cost?
- How Much Student Loan Debt is Too Much? Student loan debt isn’t like credit card debt. Still, you want to be wise in how much you borrow.
Remember, too, that ROI will be as unique as each student. For example, the ROI considerations for an incoming pre-med major will be different from what an aspiring elementary education major is measuring. Keep your own goals top of mind and take the long view. In doing so, you’ll be able to identify—and apply to—colleges that will help you build the life you want.
About Edmit: Founded by recognized university leaders, Edmit provides personalized insights and advice to help families find colleges that meet their academic goals and are within their financial means. Families that use Edmit make smarter college choices leading to less debt and better earnings outcomes, saving thousands of dollars.
Overwhelmed with college research? Edmit can help, with data on pricing and value for more than 2000 colleges in the U.S.