Jeff Zuckerberg. Bill Gates. Michael Dell. All worth billions – without getting a college degree. Unfortunately, they’re one in a million. With college costs rising about five percent every year across the country, more students are wondering if they should just go to work, rather than getting a college degree. A recent survey shows one in three college grads had a job that only required a high school diploma.
Still, countless surveys, including Payscale.com’s from 2015, show the return on investment for Colorado schools is high. The top three universities for ROI over 20 years: School of Mines, with an average return on investment of $831,000 and an average loan of about $30,000; CU Boulder offering an average $771,000 ROI and $33,000 average loan, and Colorado State University, with a $403,000 ROI on $24,000 borrowed.
To give our Good Day, Good Parents some perspective, watch our interview with with College in Colorado.