With the ever-increasing cost of higher education, college students and their parents want to ensure they’re getting a good value for that diploma. A new report from CNBC seems to indicate that students who choose Purdue University will indeed get a return on their investment, especially those who choose engineering. Of the top 25 public universities, Purdue comes in at number six.
Teaming up with Payscale.com, CNBC set out to find which U.S. colleges pay off the most by comparing highest average post-graduation salaries to college tuition and expenses, such as fees, books and supplies.
For the purposes of this experiment, they focused on undergraduates from Purdue’s College of Engineering. The average net cost was nearly $11,000/year when you subtract scholarships and grants. The median annual salary for alumni with 0-5 years of experience was just over $60,000.
Twenty eight percent of undergraduate students at Purdue study in the College of Engineering.
Purdue was the only university in the state to make the Top 50 list for both private and public universities. You can connect to the full story and learn about the methodology by clicking here.
Last month the Purdue University Board of Trustees approved the previously-announced tuition freeze for the 2020 and 2021 fiscal years. Purdue says the total cost of attending the university’s West Lafayette campus will continue to be less than it was in 2012.