bookmark

The 15 Colleges Where Studying Liberal Arts Pays Big


Description

While very few people study poetry or classics to get rich, studying the humanities has a big financial payoff at a surprising array of colleges, a new analysis of college grads’ earnings has found. Of course, students who major in engineering, economics, business or computer science at the best schools tend to have the highest financial return on their tuition investments, according to new salary data collected by PayScale.com. But liberal arts and other humanities majors at 16 schools have, on average, earned at least $500,000 more than they paid for school and the typical earnings of someone who did not attend college, PayScale said. Humanities majors at 245 colleges have typically earned at least $200,000 more than they spent on college within 20 years of graduation, PayScale found. Leading the pack: Yale. PayScale estimates that Yalies who receive financial aid pay a total of only about $80,000 for their four-year degrees. And, on average, people whose education stopped at high school earn about $30,000 a year. Yale humanities majors report earning about $80,000 a year, on average. So 20 years out, Yalies have earned a total of about $1.6 million, which puts them a total of $812,000 ahead of high-school grads - even after subtracting the cost of school. Making these numbers even more impressive: they’re only for students who finished their education with a bachelor’s. They don’t count, for example, history majors who went on to earn law degrees or M.B.As. Ivy League colleges, which offer generous aid and thus have low costs for middle class families, tend to have among the highest “return on investment” for humanities and many other majors, PayScale found. But many more accessible colleges also paid off well: Wabash College, a private men’s college in Crawfordsville, Ind. that accepts 61% of applicants, ranked in the top 20 for financial return for a humanities degree. After 20 years, the typical Wabash humanities grad had earned a financial return of about $500,000. San Jose State University, had one

Preview

Tags

Users

  • @prophe

Comments and Reviews