8 College Degrees with the Worst Return on Investment
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These Careers Might Make You Happy, But Fail the Tuition ROI Test
By Dawn Dugan, Salary.com contributing writer.
College: Is it Worth It?
What's more expensive than going to college? Until recently, the answer was easy: not going to college. Numerous studies over the years have shown that individuals with college degrees significantly out-earn those with high school degrees by $1 million or more over the course of a lifetime.
But as the cost of education increases faster than inflation and the economy remains relatively weak, people are beginning to question how they spend their education dollars. As student loans hit the $1 trillion mark and more and more graduates are faced with years of paying staggering monthly payments, many are starting to ask themselves, "Is it worth it?"
While there's no doubt that a college degree increases earning power and broadens opportunities, today's high cost of education means it makes sense to more carefully consider which degree you earn. When it comes to return on investment (ROI), not all degrees are considered equal. This article exposes eight college degrees with poor ROI.
Methodology
To calculate ROI for a specific degree, we first determined the overall cost of the degree. We allowed the degree holder four years to graduate. Using data from a recent College Board study, we assigned a figure of $37,343 as an average cost of a four-year public liberal arts degree, and a figure of $121,930 for degrees earned at four-year private colleges. The total cost included tuition, room and board, and books, and did not factor in scholarships or grants. We then determined the median cash compensation over the course of 30 years of typical jobs requiring that degree using Salary.com data. We used current Salary.com figures, but added 4.3% per year to account for inflation and cost of living increases. To determine ROI, we subtracted the cost of the degree from the gains over 30 years, then divided that figure by cost.
Arizona Summit Receives WRBLSA Award Arizona Summit was recently awarded the 2016 Black Student Law Association Chapter Award at the
Western Region Black Law Students Association (WRBLSA)'s 48th annual convention held during the
first week of January in San Diego.
Charlotte School of Law AAMPLE®
If a lower LSAT score is hurting your chances of getting into law school, Charlotte School of
Law (CSL) offers the Alternative Admissions Model Program for Legal Education (AAMPLE), a
seven-week online class that helps prospective students prove they are able to handle a
demanding law school curriculum.
Florida Coastal Law's Practitioner Clinics Florida Coastal Law's Practitioner Clinic is an innovative course offering students a chance
to work closely on pro bono cases with a practicing lawyer. Students are often invited to
work on these cases in the practitioner's office off campus, and the Clinics are offered as
two credits with an evening classroom component.
Center for Professional Development Arizona Summit's Center for Professional Development (CPD) is a full-service career counseling
and resource center that supports and assists students in all stages of the career planning
process, while helping employers fill their semester, summer, and permanent hiring needs.
Charlotte Law Compliance Certificate Program
Students with or without a legal background can pursue a career in the rapidly growing
field of compliance and ethics. Charlotte Law is one of the few law schools in the U.S.
offering a Corporate Compliance Certificate Programentirely online. It's an 18-week
platform that prepares students for the Compliance Certification Board exam.
Florida Coastal Law Offers LLM & Certificate in Logistics & Transportation Florida Coastal Law is the first law school in the U.S. to offer an onlineLL.M. Degree or
Certificate in Logistics & Transportation. Students in the 24-credit LL.M. or 12-credit
Certificate program gain expertise in global logistics and transportation law through
cutting-edge courses taught by attorneys and industry professionals online.
