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10 US universities that will pay off as quickly as possible

The coronavirus pandemic has fundamentally changed the perception of education in universities, writes CNBC... While many schools are planning to bring some students back to campus this fall, there is no guarantee that students will have the same traditional experience.

Photo: Shutterstock

The cost of pursuing higher education has risen significantly over the past decade, while advances in technology make it difficult to get a decent wage without a degree. Today, college graduates earn 80% more on average than those with only a high school diploma.

Higher education is more expensive and more important than ever before, and this puts students in a difficult situation. Therefore, more and more students are asking the question: "Is it worth paying for this college?"

The publication offers a list of educational institutions, after graduation from which students receive the highest average salary and the fastest return on their education. To do this, they calculated the average net worth using data from Tuition Tracker, a tool created by the nonprofit news organization The Hechinger Report, and the average earnings according to the top 250 US universities, taking into account alumni reports 10 years after graduation.

Next, we determined the true net tuition fees for each college for the typical American student — including tuition fees, study materials, and other expenses — after deducting scholarships and grants. The calculation was carried out for families with income from $ 48 to $ 001 per year. The Hechinger report calculates the net worth by subtracting federal, state, local and institutional grants and scholarships from the original full scholarship based on data provided by the US Department of Education.

1. Stanford University

Stanford University, often referred to as the "ivy of the West Coast," is located near Silicon Valley in Stanford, California. The institution is known for strong science, technology and engineering programs as well as successful athletics programs. Stanford has about 7083 students.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 145

2. Harvard University

Founded in 1636, Harvard University in Cambridge, Massachusetts is the oldest college in the United States. Harvard is known for its historical legacy, famous alumni, and the generous financial aid that the university is able to provide in part through donations of around $ 39,2 billion.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 146

3. University of Chicago

The University of Chicago is located in the Hyde Park area of ​​Chicago. The university is known for its strong STEM programs, but the curriculum also requires students to take courses in three areas: humanities, culture of civilization, and arts; natural sciences; Social sciencies.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 114

On the subject: 35 professions that will quickly pay off after graduation

4. Princeton university

Princeton University was founded in 1746, making it the fourth oldest college in the United States. Princeton University students take one of 37 courses and must be proficient in at least one language other than English. Approximately 25% of graduate students at Ivy League School study at the School of Engineering and Applied Sciences.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 139

5. Dartmouth College

Dartmouth College is an Ivy League university located in Hanover, New Hampshire and has approximately 4400 students. He is known for his graduate programs, including the Tuck School of Business.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 130

6. Yale university

Located in New Haven, Connecticut, Yale Ivy League University was founded in 1701 and is the third oldest college in the United States. Yale University teaches a liberal arts program and requires students to take liberal arts courses, social studies, foreign languages, quantitative thinking, and writing.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 138

7. Massachusetts Institute of Technology

Massachusetts Institute of Technology is a STEM-oriented university located in Cambridge, Massachusetts. Instead of specialties, MIT students choose courses. Electrical Engineering, Mechanical Engineering, and Computer Science are some of the most popular courses at MIT.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 155

8. Duke University

Duke University is located in Durham, North Carolina. The university offers 4000 courses each semester and is also known for its strong athletic program. The most popular major among undergraduates is computer science, and 83% of students have more than one major.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 132

On the subject: 5 unpleasant things worth knowing about American colleges

9. Columbia university

Columbia University is the Ivy League University in New York. Founded in 1754, it is the fifth oldest college in the United States. Students can choose from 80 fields of study, but must complete six required courses such as Modern Civilization and Frontiers of Science, and they must meet several requirements, including studying a foreign language.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 126

10. Pomona College

Pomona College is located in Claremont, California. The university requires at least one course in each of six areas: criticism, analysis and contextual study of works of the human imagination; social institutions and human behavior; history, values, ethics and cultural studies; physical and biological sciences; mathematical reasoning; creation and performance of works of art and literature.

  • Average annual net worth (household income $ 48- $ 001): $ 75
  • Average salary for graduates with 10+ years of work experience: $ 117

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