Many Americans are willing to pay large amounts or go deep into debt for a college education. Statistics show that college-educated adults earn a much higher income throughout their lives than high school graduates.
There are also numerous intangible benefits gained from a college education, including newly discovered responsibility, independence, and friendships.
While college is a wise decision for many students, it’s also important to keep in mind the price tag, as well as the potential benefit that may come with choosing a more expensive school.
Are the most expensive schools in the U.S. give their students the most for their money? Using data from the National Center for Education Statistics,
Many of these costly colleges do seem to give their graduates an advantage. In 26 of these institutions, graduates make a higher median wage than graduates from any other university in the state. The gap is very wide for certain private schools. Graduates from Duke University (North Carolina), University of Notre Dame (Indiana),
Case Western Reserve University (Ohio), Stevens Institute of Technology (New Jersey) and Vanderbilt University (Tennessee) make 96 percent, 86 percent, 74 percent, 69 percent and 69 percent more, respectively, than the median income for the rest of the state.
Alternatively, the most expensive school in Kentucky, Virginia, Michigan and Utah might not offer as good a return on investment, as graduates make considerably less than the median of their counterparts from other schools in the state.
The most expensive school in each state varies greatly in terms of dollar amount, ranging from $5,674 in Alaska to $53,000 in New York. If you are considering more expensive colleges, consider how their graduates fare it may help you identify the best school for you.
The most expensive school in each state varies greatly in terms of dollar amount, ranging from $5,674 in Alaska to $53,000 in New York. If you are considering more expensive colleges, take into account how their graduates fare — it may help you identify the best school for you.
The 20 Most Expensive Colleges In America