Because of the high demand for software engineers, data scientists, even civil engineers, STEM continues to be a safe bet as a good investment because it will pay off. Still, it's not for everyone.
If you or your child isn't a budding scientist, pay attention to factors that can make for negative ROI, says Aubrey Bach, PayScale's Head of Alumni Analytics, a data product that tells colleges how their alumni are faring: a lack of job placement programs, career counseling, internships. Learn about the demand in the marketplace for graduates with your intended degree.
Drawn to a lower-paying field? You (or your child) can get the best value for your tuition dollar by choosing a lower-cost public college with in-state tuition.
Each of the schools below was ranked at the bottom, or the top, overall, for ROI in the U.S.--giving you the worst, or the best, deal for your money. Rankings were based on the total cost for full-time study (including tuition, on-campus room, board, and fees). Data was collected Feb. 2013 to Feb. 2016 from respondents with bachelor's degrees only (anyone with a higher degree was not included). Return is the additional expected future income stream a college graduate received, over a high school graduate (minus four years of lost income for the years spent studying). Median pay after 20 years includes cash only (not retirement and healthcare benefits, or stock options). The margin of error is plus or minus 5%, except for the elite schools (Ivy Leagues, Stanford, Caltech) where 20-year earning levels vary so widely, it is plus or minus 10%.
Worst Colleges for Your Money
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Shaw University, Raleigh, N.C. (Private) (tied)
20-year net ROI without financial aid: -$110,000
20-year net ROI with financial aid: -$80,000
Total Cost: $111,000
Average grant/year: $8,600
University of Montevallo, Montevallo, Ala. (Public) (tied)
20-year net ROI without financial aid: -$110,000
20-year net ROI with financial aid: -$89,000
Total Cost: $123,000
Average grant/year: $6,400
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Fayetteville State University, Fayetteville, N.C. (Public)
20-year net ROI without financial aid: -$98,200
20-year net ROI with financial aid: -$73,000
Total Cost: $98,200
Average grant/year: $7,300
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University of South Carolina – Aiken Campus, Aiken, S.C. (Public)
20-year net ROI without financial aid: -$75,000
20-year net ROI with financial aid: -$47,000
Total Cost: $83,000 in-state, $119,000 out-of-state
Average grant/year: $7,100
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SUNY – College at Potsdam, Potsdam, N.Y. (Public)
20-year net ROI without financial aid: -$71,000
20-year net ROI with financial aid: -$46,000
Total cost: $82,700 in-state, $120,000 out-of-state
Average grant/year: $6,300
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Elizabeth City State University, Elizabeth City, N.C. (Public)
20-year net ROI without financial aid: -$52,000
20-year net ROI with financial aid: -$18,000
Total cost: $49,000 in-state, $92,000 out-of-state
Average grant/year: $8,500
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Grambling State University, Grambling, La. (Public)
20-year net ROI without financial aid: -$51,000
20-year net ROI with financial aid: -$28,000
Total cost: $88,900 in-state, $123,000 out-of-state
Average grant/year: $6,000
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Black Hills State University, Spearfish, S.Dak. (Public)
20-year net ROI without financial aid: -$32,000
20-year net ROI with financial aid: -$17,000
Total cost: $80,600
Average grant/year: $3,800
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Goshen College, Goshen, Ind. (Private)
20-year net ROI without financial aid: $29,000
20-year net ROI with financial aid: $43,100
Total cost: $159,000
Average grant/year: $18,000
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Francis University, Loretto, Penn. (Private)
20-year net ROI without financial aid: -$26,000
20-year net ROI with financial aid: $49,400
Total cost: $177,000
Average grant/year: $18,700
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University of North Carolina at Pembroke, Pembroke, N.C. (Public)
20-year net ROI without financial aid: -$25,000
20-year net ROI with financial aid: -$850
Total cost: $105,000 out-of-state
Average grant/year: $6,100
Best Colleges for Your Money
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California Institute of Technology, Pasadena, Calif. (Private)
20-year net ROI without financial aid: $973,000
20-year net ROI with financial aid: $1,100,000
Total cost: $ 230,000
Average grant/year: $32,100
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Massachusetts Institute of Technology, Cambridge, Mass. (Private)
20-year net ROI without financial aid: $972,000
20-year net ROI with financial aid: $1,120,000
Total cost: $ 232,000
Average grant/year: $36,300
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Harvey Mudd College, Claremont, Calif. (Private) (tied)
20-year net ROI without financial aid: $945,000
20-year net ROI with financial aid: $1,060,000
Total cost: $ 249,000
Average grant/year: $29,800
SUNY – Maritime College, Bronx, N.Y. (Public) (tied)
20-year net ROI without financial aid: $945,000
20-year net ROI with financial aid: $967,000
Total cost: $ 89,000 in-state; $126,000 out-of-state
Average grant/year: $5,400
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Stanford University, Stanford, Calif. (Private)
20-year net ROI without financial aid: $1,010,000
20-year net ROI with financial aid: $967,000
Total cost: $240,000
Average grant/year: $39,300
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Colorado School of Mines, Golden, Colo. (Public)
20-year net ROI without financial aid: $846,000
20-year net ROI with financial aid: $881,000
Total cost: $ 118,000 in-state, $181,000 out-of-state
Average grant/year: $8,800
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Georgia Institute of Technology, Atlanta, Ga. (Public)
20-year net ROI without financial aid: $833,000
20-year net ROI with financial aid: $871,000
Total cost: $91,000 in-state, $168,000 out-of-state
Average grant/year: $9,700
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Princeton University, Princeton, N.J. (Private)
20-year net ROI without financial aid: $ 820,000
20-year net ROI with financial aid: $ 966,000
Total cost: $224,000
Average grant/year: $36,500
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Carnegie Mellon University, Pittsburg, Penn. (Private)
20-year net ROI without financial aid: $ 811,000
20-year net ROI with financial aid: $ 908,000
Total cost: $243,000
Average grant/year: $24,200
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University of California Berkeley, Berkeley, Calif. (Public)
20-year net ROI without financial aid: $ 873,000
20-year net ROI with financial aid: $ 866,000
Total cost: $ 133,000 in-state, $225,000 out-of-state
Average grant/year: $ 16,600
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Babson College, Babson Park, Mass. (Private)
20-year net ROI without financial aid: $ 928,000
20-year net ROI with financial aid: $
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