University of Virginia issued the following announcement on Jan.27
A new study from Georgetown University’s Center on Education and the Workforce places the University of Virginia fifth among public colleges – and the highest-ranking flagship university – with the highest 40-year return on investment for low-income students.
The study’s weighted score took into account three things: the graduation rate of Pell Grant recipients, the percentage of students who received the grants, and the percentile rank of 40-year earnings of Pell Grant recipients.
Here are the top 10 public schools in the new ranking and 40-year earnings.
- Maine Maritime Academy: $2.2 million
- Colorado School of Mines: $2.1 million
- California State University Maritime Academy: $1.9 million
- Georgia Institute of Technology: $1.9 million
- University of Virginia: $1.8 million
- SUNY Maritime College: $1.8 million
- College of William & Mary: $1.7 million
- University of California-Berkeley: $1.7 million
- University of Michigan-Ann Arbor: $1.7 million
- University of California-Los Angeles: $1.6 million
Georgetown’s Center on Education and the Workforce says low-income students who come from families that earn $30,000 or less annually make up more than one-third of college students. The researchers found that low-income students who earned bachelor’s degrees at public schools generally fare best, with average 40-year earnings of $951,000. Low-income students at private, nonprofit institutions come in second with average 40-year earnings of $863,000, followed by for-profit colleges, where those students’ average 40-year earnings are $763,000. The calculations are a student’s earnings over time, after subtracting the cost of attending an institution of higher learning.
Original source can be found here.
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