PROVIDENCE – Brown University is the best school for return on investment in Rhode Island, according to the PayScale 2017 College ROI Report released recently.
Nationally, Brown ranked 62nd for its 20-year net return on investment of $578,000.
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Topping the list is the U.S. Merchant Marine Academy in Kings Point, N.Y., with ROI of more than $1 million. Second place for ROI went to Harvey Mudd College in Claremont, Calif., at $962,000. Massachusetts Institute of Technology is the highest-ranking New England school on the list, coming in third for its ROI of $959,000.
Seattle-based PayScale, a compensation software company, said it calculated ROI for 1,422 schools nationwide by using the difference between the 20-year median pay for a bachelor’s degree graduate of a school and the 24-year median pay for a high-school graduate minus the total four-year cost.
Total four-year cost, graduation rate, typical years to graduate and average student loan amount were featured in the report.
Rhode Island and Southeastern Massachusetts institutions of higher education ranked as follows in the report:
- Bryant University, No. 161, ROI, $443,000
- University of Rhode Island, No. 257, (in-state), $375,000
- University of Massachusetts Dartmouth, No. 299, (in-state), $355,000
- Stonehill College, No. 342, $338,000
- Providence College, No. 350, $336,000
- URI, No. 413, (out-of-state), $313,000
- UMass Dartmouth, No. 440, (out-of-state), $305,000
- Rhode Island School of Design, No. 725, $234,000
- Roger Williams University, No. 752, $234,000
- Rhode Island College, No. 763, (in-state), $226,000
- RIC, No. 965, (out-of-state), $182,000
- Salve Regina University, No. 1003, $175,000
- Johnson & Wales University, No. 1338, $112,000
The Community College of Rhode Island, New England Institute of Technology and Wheaton College were not ranked.
Lori Stabile is the PBN Web Editor.
