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ONU receives high marks for ROI
"Bloomberg Businessweek" study ranks Ohio Northern University among best in Ohio for return on college investment
A new PayScale study released by "Bloomberg Businessweek" ranks Ohio Northern University among the top in the state of Ohio for its return on college investment. ROI is a function of two things: how much students spend to earn a degree, and how much graduates earn.
PayScale used self-reported salary information collected through its online pay comparison tools to determine how much graduates of each institution earned. It then determined how much graduates of each school earned (after deducting the cost of their degrees) above the typical pay for a high school graduate over the same period. Unlike most other rankings, this one takes into account each school’s six-year graduation rate, providing a more accurate way of assessing a school’s ROI.
Elite private universities dominated the top of the nationwide list, with the Massachusetts Institute of Technology’s net 30-year ROI of nearly $1.7 million taking the top spot followed by California Institute of Technology, Harvard University, Harvey Mudd College and Dartmouth College. ONU placed 155 out of 853 institutions nationwide.
ONU is joined at the top of the Ohio listing by Case Western Reserve University, Miami University and Denison University.