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Forbes Daily Briefing

The 25 Colleges With The Highest Payoff

Forbes Daily Briefing

Forbes

Business, Tech News, News

4.418 Ratings

🗓️ 28 August 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

From MIT to the City College of New York, these 25 schools send graduates out into the world with high earnings potential and little if any student debt.

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Wednesday, August 28th.

0:05.0

Today on Forbes, the 25 colleges with the highest payoff.

0:10.0

College is an investment and one more and more Americans are leery of.

0:16.0

Most now say a college degree isn't worth taking on student debt.

0:20.0

A new Gallup poll finds a third of Americans, triple the number of a decade ago, have little

0:26.2

to no confidence in higher education, with costs, along with politics, underlying this growing

0:32.3

disenchantment.

0:34.3

So here's the good news.

0:35.8

There are lots of schools on Forbes' America's Top Colleges list, which was just released

0:40.2

this week, that actually produce an excellent return on investment.

0:44.4

This is about more than just the sticker price.

0:46.9

Going to a cheap school that produces lousy job prospects and taking on even a few thousand

0:51.4

dollars in debt,

0:52.6

plus the lost time you spent studying,

0:54.8

may not be worth it.

0:56.5

Pick an expensive school that reduces the net cost

0:59.2

with generous aid and catapults its graduates

1:01.7

into lucrative careers, and your investment could pay off, big time.

1:07.0

To determine which of Forbes's top 500 colleges offer the best return on investment or ROI,

1:13.2

we looked at each school's price to earnings premium,

1:16.2

a calculation by the Think Tank Third Way

1:18.7

that shows the number of years it takes graduates

...

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