4 New Jersey Public Colleges Among the Best Value in US

🔺What is the cost of the education?

🔺How much debt is incurred?

🔺What is the return on your investment

If you're a parent of a high school student who wants to go on to higher education, you've probably experienced sticker shock.

You surely don't need me to tell you you're probably looking at a life-long financial commitment.

According to Stacker.com, there are about 42.7 million adults across America who have outstanding student loan debt, averaging nearly $41,500 per person.

The numbers are enormous.

College doesn't equate to success in life, but it can be important to pursue certain professions.

There's a lot that goes into finding the best school.

Number one of your list should be, "What's the return on my investment?"

Stacker.com has released a study that lists public schools that offer the best value.

The good news for those of us in New Jersey is that four of the schools on that list are located right in our backyard.

Among the factors they used for their study,

▪️The total of all earnings 40 years after attending the school adjusted for the school's education cost.

▪️The median average earnings after ten years

▪️Graduation rate

▪️Average debt student owes after graduation.

The study determined that the public college that offers the best value in the country is, California State Maritime University. 

The study reports that graduates of this school had a median annual income of just over $90,000.

91% of graduates earn more than high school graduates after ten years.

Graduates have a median debt of $19,500.

New Jersey schools that made the list include,

New Jersey Institute of Technology

Graduates have a median annual income of $80,000 after ten years, 89% of graduates will earn more than their high school counter-parts, and students leave with about $17,500 in debt.

Rutgers University- Camden

The graduates of this school earn about $66,000 after ten years, 85% earn more than high school graduates, and graduates take on about $19,000 in debt.

Rutgers University- Newark 

Median earnings after ten years are about $66,000, 85% will earn more than high school graduates, and the average debt after graduation is about $19,000.

Rutgers University-New Brunswick 

The numbers of this school are the same as the other Rutgers schools. The difference in the schools is the cost of the program.

You can see the list of schools and the complete study at Stacker.com.