College Is About More Than Money But It Can Only Be Paid Back With Money
This was the closing statement for a NY Times article about the comparison of colleges, speaking directly to the Department of Education’s release of data regarding the amount of debt incurred by graduates, by program and by college. Different majors have varying outcomes as it relates to income, and therefore the ability for students to pay back their student loans.
The article goes on to compare the University of Virginia (UVA), a highly selective public institution (30% acceptance rate), to George Mason University, one that is not nearly as selective (80% acceptance rate). On average, a graduate will earn more money coming from UVA vs. George Mason but when you sift through by major, the universities for expected income overlap.
Our current environment, which is dominated by institutions reputations and parent and students investing in brand names, may shift as more data becomes available and we can compare not in the aggregate but using the program specific income information.
Once again, it is not necessarily about where you attend college but what you do with it while you are there and thereafter.