The Indiana Commission for Higher Education has released updated return on investment calculations for colleges throughout the state. Its annual online ROI report includes data on employment, salary, debt and cost. The commission says Hoosiers with at least an associate’s degree earn over twice as much on average than peers with a high school diploma.
The commission’s ROI website includes snapshots at the statewide and individual public college levels, which officials say are designed to help Hoosiers find degrees with the greatest employment prospects and earnings potential. Its estimator tool allows comparisons by campus, degree and years after graduation. This year, the report also includes information on short-term certificates and more detailed information on specific majors.
It breaks down information in the following categories:
- Typical cost and student debt level for all Indiana public colleges.
- Most common areas of employment in Indiana for college graduates based on their program of study.
- Median salaries for college graduates employed in Indiana based on their program of study one, five and 10 years after graduation.
Indiana Commissioner for Higher Education Teresa Lubbers says "Indiana’s Return on Investment reports give Hoosiers information about a critical aspect of college value – financial cost and payoff. While the value of education beyond high school has never been greater, Indiana’s Return on Investment report makes it clear that careful planning about what and where to study and how much money to borrow greatly affects short- and long-term return on investment."
The ROI report data come from the Indiana Commission for Higher Education Data Submission System, federal Integrated Postsecondary Education Data System, Indiana Workforce Intelligence System and 2014 Indiana census figures.