Do college tuition rates boggle your mind? You’re not alone. Seventy-five percent of Americans say that college is way too expensive, and for good reason. Did you know that only one in three college students graduate debt free? The average student debt is around $ 26,000, and 39 percent of graduates presume that it will take at least 10 years to pay off their school loans.
Unfortunately you may be shelling out more than you’re getting in return. While a college degree is important, less than 50 percent of American employers believe that their new employees are adequately prepared by their colleges or training programs. A degree may be the gateway to a good job, but with tuition rates rising, is attending a university really worth it?
Florida Memorial University, The Art Institute of Pittsburgh, and Miles College are just a few of the schools with the worst ROI (return on investment). The University of Maine at Presque Isle is the only state school to make the top five list for negative ROI. The cost for tuition in 2012 was $ 79,330, but over the past 30 years, graduates have had a return investment of -$ 124,000. A negative ROI means that the cost of tuition actually outweighs any long term benefits.
Check out this infographic from cheaponlinedegrees.org to learn more about why paying an exorbitant price tag for college is just not worth it.
Image compliments of Cheap Online Degrees