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Rankings Compare College Costs to Future Income

FILE - Prospective students tour Georgetown University's campus in Washington, July 10, 2013.
FILE - Prospective students tour Georgetown University's campus in Washington, July 10, 2013.

Most students and their families quickly dive into rankings when searching for the “best colleges and universities.”

However, Georgetown University, itself on many of those “best college” lists, has veered from rankings based on grade-point averages, admission rates and SAT scores, and come up with a new metric, ranking institutions of higher education based on the financial return students receive from their investment in the school.

Traditional private, four-year schools that offer bachelor’s degrees have the highest returns on investment not just immediately after graduation, but 40 years after enrollment, Georgetown’s report on the ranking says.

“For example, Babson College, a private college in Massachusetts, ranks 304th in net present value at the 10-year horizon, but ranks seventh at the 40-year horizon,” Georgetown’s University Center on Education and the Workforce said. Its detailed project included 4,500 schools that offer degrees and certificates.

Tops on the list for return on investment over 40 years was Albany College of Pharmacy and Health Sciences, a private nonprofit institution that costs about $50,000 per year. It was calculated to return $385,000 at 10 years, $1.3 million at 20 years, and $2.72 million on that investment to the graduate after 40 years.

FILE - Students walk on the Stanford University campus, March 14, 2019, in Santa Clara, Calif.
FILE - Students walk on the Stanford University campus, March 14, 2019, in Santa Clara, Calif.

By comparison, the private, nonprofit, four-year Stanford University in California that ranked No. 5 on the Georgetown list would return $307,000 in 10 years, $1.013 million in 20 years; and $2.068 million in 40. Tuition and fees are about the same as Albany College of Pharmacy.

Those calculations are published prices and do not include financial aid discounts.

“Everyone is asking, ‘Is college worth it?’ and we set out to try to find an answer,” said Anthony P. Carnevale, lead author and CEW director in a statement. “Not only will it help students, but this kind of information on the costs and benefits of higher education holds institutions more accountable.”

Carnevale served for a decade as vice president for public leadership at the Educational Testing Service, the largest private nonprofit testing service, which administers the SAT and other tests that are required or highly recommended for admission into higher-education programs.

Data from some obvious affordable schools CEW could not gain access to include the U.S. service academies. Those schools do not collect tuition and fees, and students are given stipends to pay for expenses like dry cleaning, barbers and laundry. Admission and graduation is exchanged for service in the U.S. military after graduation.

And who’s who in Georgetown’s Top 20? Some names you don’t typically see in the popular annual rankings and careers that you won’t find on many other lists. (Hint: Get your sea legs on.)

Albany College of Pharmacy and Health Sciences (N.Y.)
St. Louis College of Pharmacy (Mo.)
Massachusetts College of Pharmacy and Health Sciences (Mass.)
Massachusetts Institute of Technology (Mass.)
Stanford University (Calif.)
Maine Maritime Academy (Maine)
Babson College (Mass.)
Harvard University (Mass.)
Georgetown University (D.C.)
U.S. Merchant Marine Academy (N.Y.)
University of the Sciences (Pa.)
St Paul’s School of Nursing-Queens (N.Y.)
Massachusetts Maritime Academy (Mass.)
Harvey Mudd College (Calif.)
Stevens Institute of Technology (N.J.)
University of Pennsylvania (Pa.)
California State University Maritime Academy (Calif.)
California Institute of Technology (Calif.)
Colorado School of Mines (Colo.)
Bentley University (Mass.)

No, that’s not a typo, you are reading correctly: Pharmacy and maritime schools offer excellent return on investment along with notable STEM colleges and universities.

For-profit and certificate schools scored the lowest return on investment, and include beauty, rabbinical, ethnic and arts schools.

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Survey: Social integration, career prep are important to international students

FILE - FILE - In this March 14, 2019, file photo students walk on the Stanford University campus in Santa Clara, Calif.
FILE - FILE - In this March 14, 2019, file photo students walk on the Stanford University campus in Santa Clara, Calif.

A recent survey of international students in the United States found that before starting school, they were concerned about personal safety, making friends and feeling homesick.

Inside Higher Ed reports that international students want specialized orientations, peer connections, career preparation and job placement to help make their college experiences successful. (July 2024)

US advisory council ends Nigeria visit, signs student exchange deal

Deniece Laurent-Mantey is the executive director of U.S President's Advisory Council on African Diaspora Engagement.
Deniece Laurent-Mantey is the executive director of U.S President's Advisory Council on African Diaspora Engagement.

Members of a U.S. presidential advisory council have approved a student exchange deal between an American college and a Nigerian university as part of the council's effort to strengthen collaboration on education, health, entrepreneurship and development between Africa and Africans living abroad.

The council also visited a health facility supported by the United States Agency for International Development in the capital.

Nigerian authorities and visitors chatted with members of the U.S President's Advisory Council on African Diaspora Engagement as they toured a healthcare facility in Karu, a suburb of Abuja, on the last day of the council's three-day visit to Abuja and Lagos.

The facility is one of many supported by the United States Agency for International Development, or USAID, to improve the management of childhood illnesses, family planning, immunization and delivery.

The tour was part of the council's effort to promote African diaspora-led investments in technology entrepreneurship, education and healthcare delivery.

"They're doing a phenomenal job there, it really gave us a sense of what the healthcare system is in Nigeria," said Deniece Laurent-Mantey, executive director of the advisory council. "This is our first trip as a council to the continent and we chose Nigeria for a reason — the diaspora in Nigeria is very active, very influential, and they're really a source of strength when it comes to our U.S.-Africa policy. And so for us coming to Nigeria was very intentional."

The council was created by President Joe Biden in September to improve collaboration between Africa and its diaspora in terms of economic and social development.

Akila Udoji, manager of the Primary Healthcare Centre of Karu, said officials in Nigeria were pleased that the council members were able to visit.

"We're happy that they have seen what the money they have given to us to work with has been used to do, because they have been able to assist us in capacity-building, trainings, equipment supply and the makeover of the facility," Udoji said.

Earlier, the council signed a deal for a student exchange program between Spelman College in the southern U.S. city of Atlanta and Nigeria's University of Lagos.

Laurent-Mantey said education exchanges are one of the council's top priorities.

"In Lagos, we had the president of Spelman College — she's also a member of our council — she signed an agreement with the University of Lagos to further education exchange programs in STEM and creative industries between those two universities," Laurent-Mantey said. "And I think for us it's very important, because Spelman College is a historically Black university, and so here we are promoting the importance of collaboration between African Americans and Africans."

In March, the advisory council adopted its first set of recommendations for the U.S. president, including the student exchange initiative, advocating for more U.S. government support for Africa, climate-focused initiatives, and improving U.S. visa access for Africans.

The council met with Nigerian health and foreign affairs officials during the visit before leaving the country on Wednesday.

American Academy of the Arts College announces closure

FILE - Signs and writing denouncing the closure of the University of the Arts are seen at Dorrance Hamilton Hall on June 14, 2024, in Philadelphia. More recently, the American Academy of the Arts College in Chicago announced it would close.
FILE - Signs and writing denouncing the closure of the University of the Arts are seen at Dorrance Hamilton Hall on June 14, 2024, in Philadelphia. More recently, the American Academy of the Arts College in Chicago announced it would close.

The American Academy of Art College in Chicago announced it would be closing after 101 years of preparing students for careers in art and illustration.

WTTW news reported that like other art colleges, the academy saw enrollment drop after the pandemic, and officials made the decision to close the college last month. (July 2024)

update

5 killed, dozens injured in clashes over Bangladesh jobs quota system

Protesters of Bangladesh's quota system for government jobs clash with students who back the ruling Awami League party in Dhaka on July 16, 2024.
Protesters of Bangladesh's quota system for government jobs clash with students who back the ruling Awami League party in Dhaka on July 16, 2024.

At least 5 people were killed and dozens injured in two separate incidents in Bangladesh as violence continued Tuesday on university campuses in the nation's capital and elsewhere over a government jobs quota system, local media reports said quoting officials.

At least three of the dead were students and one was a pedestrian, the media reports said. Another man who died in Dhaka remained unidentified.

The deaths were reported Tuesday after overnight violence at a public university near Bangladesh's capital, Dhaka. The violence involved members of a pro-government student body and other students, when police fired tear gas and charged the protesters with batons during the clashes, which spread at Jahangir Nagar University in Savar, outside Dhaka, according to students and authorities.

Protesters have been demanding an end to a quota reserved for family members of veterans who fought in Bangladesh's war of independence in 1971, which allows them to take up 30% of governmental jobs.

They argue that quota appointments are discriminatory and should be merit-based. Some said the current system benefits groups supporting Prime Minister Sheikh Hasina. Some Cabinet ministers criticized the protesters, saying they played on students' emotions.

The Bengali-language Prothom Alo daily newspaper reported that one person died in Dhaka and three others, including a pedestrian, were killed after they suffered injuries during violence in Chattogram, a southeastern district, on Tuesday.

Prothom Alo and other media reports also said that a 22-year-old protester died in the northern district of Rangpur.

Details of the casualties could not be confirmed immediately.

Students clash over the quota system for government jobs in Dhaka, Bangladesh, on July 16, 2024.
Students clash over the quota system for government jobs in Dhaka, Bangladesh, on July 16, 2024.

While job opportunities have expanded in Bangladesh's private sector, many find government jobs stable and lucrative. Each year, some 3,000 such jobs open up to nearly 400,000 graduates.

Hasina said Tuesday that war veterans — commonly known as "freedom fighters" — should receive the highest respect for their sacrifice in 1971 regardless of their current political ideologies.

"Abandoning the dream of their own life, leaving behind their families, parents and everything, they joined the war with whatever they had," she said during an event at her office in Dhaka.

Protesters gathered in front of the university's official residence of the vice chancellor early Tuesday when violence broke out. Demonstrators accused the Bangladesh Chhatra League, a student wing of Hasina's ruling Awami League party, of attacking their "peaceful protests." According to local media reports, police and the ruling party-backed student wing attacked the protesters.

But Abdullahil Kafi, a senior police official, told the country's leading English-language newspaper Daily Star that they fired tear gas and "blank rounds" as protesters attacked the police. He said up to 15 police officers were injured.

More than 50 people were treated at Enam Medical College Hospital near Jahangir Nagar University as the violence continued for hours, said Ali Bin Solaiman, a medical officer of the hospital. He said at least 30 of them suffered pellet wounds.

On Monday, violence also spread at Dhaka University, the country's leading public university, as clashes gripped the campus in the capital. More than 100 students were injured in the clashes, police said.

On Tuesday, protesters blocked railways and some highways across the country, and in Dhaka, they halted traffic in many areas as they vowed to continue demonstrating until the demands were met.

Local media said police forces were spread across the capital to safeguard the peace.

Swapon, a protester and student at Dhaka University who gave only his first name, said they want the "rational reformation of the quota scheme." He said that after studying for six years, if he can't find a job, "it will cause me and my family to suffer."

Protesters say they are apolitical, but leaders of the ruling parties accused the opposition of using the demonstrations for political gains.

A ruling party-backed student activist, who refused to give his name, told The Associated Press that the protesters with the help of "goons" of the opposition's Bangladesh Nationalist Party and Jamaat-e-Islami party vandalized their rooms at the student dormitories near the Curzon Hall of Dhaka University.

The family-of-the-veterans quota system was halted following a court order after mass student protests in 2018. But last month, Bangladesh's High Court nulled the decision to reinstate the system once more, angering scores of students and triggering protests.

Last week, the Supreme Court suspended the High Court's order for four weeks and the chief justice asked protesting students to return to their classes, saying the court would issue a decision in four weeks.

However, the protests have continued daily, halting traffic in Dhaka.

The quota system also reserves government jobs for women, disabled people and ethnic minority groups, but students have protested against only the veterans system.

Hasina maintained power in an election in January that was again boycotted by the country's main opposition party and its allies due to Hasina's refusal to step down and hand over power to a caretaker government to oversee the election.

Her party favors keeping the quota for the families of the 1971 war heroes after her Awami League party, under the leadership of her father, Sheikh Mujibur Rahman, led the independence war with the help of India. Rahman was assassinated along with most of his family members in a military coup in 1975.

Police open hazing investigation after Dartmouth student found dead

FILE - A student walks on the campus of Dartmouth College, Tuesday, March 5, 2024, in Hanover, N.H.
FILE - A student walks on the campus of Dartmouth College, Tuesday, March 5, 2024, in Hanover, N.H.

Police have opened a hazing investigation after a Dartmouth College student was found dead in a river in early July.

Police received a tip that hazing was involved, and there was evidence that alcohol might have been involved in the death, USA Today reported. (July 2024)

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