PayScale.com’s 2014 College ROI Report ranks Louisiana Tech No. 1 in state
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PayScale.com released its 2014 College ROI Report Wednesday and has ranked Louisiana Tech University No. 1 among all Louisiana universities in return on investment (ROI) for both in-state and out-of-state students.
Louisiana Tech earned the state’s highest ranking in overall ROI for students with in-state tuition and the No. 2 overall spot among all Louisiana institutions in ROI for students with out-of-state tuition. The University of New Orleans was ranked third in overall ROI (in-state), McNeese State University ranked fourth (in-state) and Southern University-Baton Rouge ranked fifth (in-state).
“Louisiana Tech has always strived to provide its students and graduates with a superior education and college experience while also providing an excellent value and return on their investment,” said Louisiana Tech President Les Guice. “This requires a campus-wide commitment and I would like to commend and congratulate our faculty and staff for earning this recognition for Louisiana Tech. It’s this level of dedication by our entire campus community that will continue to set Louisiana Tech apart.”
According to the report, Louisiana Tech’s in-state students with financial aid who graduated with a bachelor’s degree earned an annual ROI of 13.9 percent, paying an average of $40,350 for their degree with 20-year net earnings of $487,000. Louisiana Tech’s out-of-state students with financial aid who graduated with a bachelor’s degree earned an annual ROI of 10.7 percent, paying an average of $71,570 for their degree with 20-year net earnings of $455,700.
The rankings are based on the students’ 20-year net ROI with financial aid. The 20-year net ROI represents the annual ROI that a graduate will earn after graduation in 20 years of working, minus both what they would have earned as a high school graduate and the cost of college (tuition, room and board, books and supplies).
In addition to Louisiana Tech No. 1 state ranking for best ROI, the university also ranks No. 12 (in-state) and No. 14 (out-of-state) in the Central South region which includes public and private institutions in Louisiana, Texas, Oklahoma, Arkansas, Mississippi, Alabama, Tennessee, and Kentucky.
Nationally, Louisiana Tech ranks No. 9 in ROI for engineering graduates and No. 58 overall in 20-year net ROI (in-state) for graduates, among all public universities reviewed.
The PayScale.com’s 2014 College ROI Report comes on the heels of national recognition by other firms of Louisiana Tech’s excellent ROI to its graduates. BestColleges.com recently ranked Louisiana Tech No. 48 in the nation in highest ROI, while AdvisorOne ranked Tech No. 1 in Louisiana and No. 21 in the nation for best ROI. Affordable Colleges Online recently ranked Louisiana Tech No. 1 in the state and No. 17 in the nation in its list of “Low Cost Colleges with High Starting Salaries for Graduates.”
For more information on the PayScale.com 2014 College ROI Report, visit http://www.payscale.com/college-roi/.