A college degree can open many doors, but in this down economy there is also a risk that a degree could end up being a bad investment! And not only is the economy bad, but the simple fact is that a lot of students make bad choices.
Consider the fact that 1 in 3 college students drop out within their first year. On the other hand, only 1 in 3 college students graduate debt free and the average student loan debt is 26,000 dollars.
And how big of an impact is this debt having on students? 44% of college students delay buying a house because of debt, while 39% say it will take at least ten years to pay off loans. These factors undoubtedly create a huge drag on the economy!
It should come as no surprise then that 75% of college students say higher education tuition prices are too high. Heck, if anything this number seems low to me.
So what are some of the worst colleges to attend, in terms of return on investment? The Art Institute of Pittsburgh is by far the worst. It’s average ROI is negative 228,000 dollars! Meanwhile, Miles College’s ROI is “only” a negative 136,000 dollars, however, only 20% of students graduate! Check out the other schools and beware! They might become sunk investments!
Many thanks for Cheap Online Degrees for this kickass infographic.
