A degree from a university on this last can add over $94,000 on top of the $61,600 median salary earned by a 25-34-year-old, according to The Wall Street Journal.
Money Magazine revamped its ranking due to the changing needs of average Americans looking for the best investment based on what they personally value amid higher education's inflated price tag.
Key takeaways EAB gathered in their latest meta-report paint a comprehensive picture of higher education's future college cohort: "Gen P." The report draws from conversations with over 20,000 high school students, counselors, parents, EAB partners and college enrollment teams.
The driving factor leading to public and private nonprofit institutions students' high regard for their degree is their trust that it adequately prepares them for life after college.
The average median salary for these programs is less than $37,024, the average yearly earnings of a high school diploma-only student, according to an analysis of data from the Department of Education and compiled by The HEA Group and College Scorecard.
Only 51% of students who began a four-year degree in 2012 completed a degree within eight years at that institution, according to NCES. Bellwether believes a nonlinear higher education system can regain students' trust and recapture their valuation of a postsecondary degree.
A degree in finance from some of the country's most esteemed private institutions can earn a student at least $30,000 more than the median B.A. graduate earns, according to data collected by Looking Glass Institute.
Young adults aren't as readily pulled toward a degree in higher education as they once were, and colleges need to stay on pace with them if they aren't looking to be left behind.
Declining enrollment is one reason it's more important than ever for institutions to provide the ROI for why today's students should pursue a college degree.
