Found a great article about the Top 10 Liberal Art colleges in USA, and it contains a portion that I really like and think most future college decisions should be based like this (especially in this economy)

Source: Redbooks.Biz

I am not interested in compiling a list of all colleges and their Returns on Investment (ROI), but further based on each of their majors!

Wondering if anyone has seen such a list already and if yes, where! It can be a directory to help parents and prospective students make such a big decision.

Checking out college rankings based on Return on Investment (ROI) is a smart way to make an informed decision about higher education, as it helps ensure that the financial investment in a degree pays off in the long run. Here are several reasons why:

1. Financial Value

College is a significant financial commitment, often involving tuition fees, accommodation, and other costs that add up over the years. Rankings based on ROI help prospective students identify schools where graduates are likely to earn enough to comfortably pay off student loans and build wealth over time. It's a way to measure whether the education provided leads to well-paying jobs in the relevant fields.

2. Informed Decision-Making

ROI-focused rankings consider both the costs of attending a college and the typical earnings of graduates. This gives a clearer picture of what to expect financially after graduation, allowing students to weigh the cost of tuition against the potential salary in their chosen field. It prevents students from choosing a school based solely on prestige or location without considering long-term financial outcomes.

3. Job Market Relevance

Some colleges offer degrees that are more aligned with industries that have high earning potential or a growing job market. By consulting ROI-based rankings, students can find colleges with programs that offer practical skills and education that lead to strong job prospects after graduation.

4. Managing Debt

With rising concerns about student loan debt, ROI rankings help students choose colleges that can lead to higher salaries, enabling them to manage or repay their student loans more effectively. Schools that provide good ROI typically have programs that support internships, co-op experiences, and networking opportunities, increasing chances of employment soon after graduation.

5. Long-Term Financial Stability

A high ROI means that graduates are more likely to enjoy financial security over the long term. Choosing a college with a strong track record of producing successful, high-earning graduates can be a key factor in ensuring that the degree is a good investment for lifelong career and financial growth.

Considering ROI ensures that students are not just paying for an education but investing in a future that provides financial and career rewards.