Share this infographic on your site!



Image source: www.cheaponlinedegrees.org Embed this infographic on your site!



Image source: www.cheaponlinedegrees.org



The editors at Cheap Online Degrees decided to research the topic of WHEN HIGHER EDUCATION DOESN'T PAY BACK College is usually a good investment, but that is not the case for every single school in America. You may want to think about your decisions before you hand over that big tuition check. 5 WORST SCHOOLS FOR RETURN OF INVESTMENT (ROI) Based on payscale's 2013 ROI report. Negative return of investment is where the cost of attending college actually outweighs the long term benefits.

- Florida Memorial University

- 2012 cost: $112,000

- Graduation rate: 42%

- Cost/Credit Hour for undergraduate: $516

- Over the past 30 years, graduates have had an avg. return investment of -$114,000

- Due to high percentage of graduates focusing on majors in criminal justice, psychology, and social work

- All majors with high social benefits and little financial benefits University of Maine at Presque Isle

- Only state school to make top 5 for negative Return of Investment

- 2012 cost: $79,330

- Graduation rate: 30%

- Cost/ Credit hour: $220 for in state residents, $552 for out of state

- Over the past 30 years, graduates have had a return investment of -$124,000

- Due to production of lots of teachers who avg. only $55,418 for 2011 - 2012 in the U.S according to national education association Miles College

- 2012 cost: $92,280

- Graduation rate: 20%

- Cost/Credit hour: $431

- Over past 30 years, graduates have had a return investment of -$136,000

- Due to high concentration of majors such as education, criminal justice and social work Valley Forge Christian College

- 2012 cost: $114,100

- Graduation Rate: 55%

- Tuition per year: $17,614

- Over the past 30 years, graduates have had a return investment of -$178,000 dollars

- Due to the most popular degree being religious studies

- Avg salary for religious studies as of 2012 is $42,000 dollars The Art Institute of Pittsburgh

- 2012 cost: $155,000

- Graduation Rate: 37%

- Tuition/Credit Hour: $470

- Over the past 30 years, graduates have had a return investment of -$228,000

- the wall street journal reports that art school graduates average $21,576 in student debt while earning $40,000 a year in starting salary ARE UNIVERSITIES WORTH IT? A degree has always been considered the key to a good job. However, high fees and rising tuition costs, along with the shrinking financial and educational returns, have made higher education less profitable.

- 1 in 3 college students drop out after 1st year, wasting around 9 billion dollars every year

- Only 1 in 3 college students graduate debt free

- Avg. student debt - $26,000 dollars

- 44% of graduates delay buying a house due to college debt

- 39% of grads say it will take at least 10 years to pay off school loans

- 4 of the top 10 majors in college include majors that do not have much financial gain

- Communications, social sciences, english, psychology

- PEW Research Center reports 75% of Americans say college is too expensive with the average annual cost of a 4 year university being $15,100

- McKinsey & Co. reports that less than 50% of American employers believe that their new employees are adequately prepared by colleges or training programs.

- America has several skill mismatches.

- Microsoft reports that between 2010 and 2020, there will be over 120,000 computing jobs that will require a bachelors degree

- America only produces 40,000 degrees in computer science annually. 2013 is still a year of uncertainty and change for many colleges. They need to harness 4 areas to help improvement.

- Synchronize their work with the K-12 education system.

- Provide lower cost alternatives and control some rising costs.

- Take responsibility for, define and measure the skills they provide to students.

- Take control of technology in management and teaching. Sources

- http://www.fmuniv.edu/financial-aid/cost-of-attendance/

- http://www.payscale.com/data-packages/college-roi-2013/top-and-bottom-5-schools

- http://www.umpi.edu/current-students/business-office/tuition-a-fees

- http://www.nea.org/home/54597.htm

- http://www.vfcc.edu/financial-aid/cost-to-attend-at-valley-forge-christian-college

- http://finance.yahoo.com/news/worst-college-majors-for-your-career.html?page=all

- http://www.aionline.edu/tuition/

- http://mckinseyonsociety.com/downloads/reports/Education/Education-to-Employment_FINAL.pdf

- http://money.msn.com/now/post.aspx?post=24bb9426-0d00-4b1b-bcd9-90375c1423f4



