CNN reported on the recent PayScale report that examines which U.S. colleges offer its students the best return on their investment. Their top pick? Harvey Mudd College. PayScale’s data shows that during the 20 years following graduation, Harvey Mudd grads will come out $1.1 million ahead of their peers who didn’t go to college and started working directly after high school.
That’s generally speaking. For specific majors, the findings were as follows:
The report shows that students get the “best bang for their buck” when they concentrate in STEM majors (science, technology, engineering, or math) and attend “well-known programs” that will help with career placement.
PayScale calculated ROI by looking at a college graduate’s earnings during the first 20 years since starting their careers, minus the cost of college tuition, room and board, and textbooks. The calculation takes financial aid into account. This number was then compared to a high school graduate’s earnings during the 24-26 years following high school.