The always interesting Real Time Economics blog at WSJ.com reports on a study by PayScale where they rank colleges according to the expected ROI of the cost of college (tuition and fees, room and board, and books and supplies). So, which one is first?
MIT (12.6% over 30 years)
Nonetheless, most top notch colleges rank quite close, all above 11% ROI:
CalTech, Harvard, Dartmouth, Stanford, Princeton, Yale, Notre Damme, Penn State, Duke, Berkeley, Carnegie Mellon, Columbia…
By the way, average cost (2009) in the colleges mentioned above is between $118,900 (UC Berkeley) and $194,200 (Yale).
Taking inflation into account that sounds like three hundred grand 18 years from now. No time to lose! Save and invest!
