SCAD rated Biggest Rip off in America?

artsmarts
Thu, 21 Jun 2012 04:53:46 +0000

Can we assume that the ROI is measuring average income projections for someone who didn’t attend any college against the projected income for someone who attended each of these particular colleges? And then factoring in the cost of each individual school to get those final percentages. I went back and tried to find the calculations used by the group that posted these figures to no avail but that would seem to be how it’s done.

What exactly does that 82% ROI mean for you? Does it mean that you have earned 82% more than someone who would have worked for 30 years without any schooling beyond high school? Does it mean that you have recouped 82% of your education cost? What exactly is the return (on investment) in more real-world terms. If an SAIC student gets a 1.5% ROI after 30 years what does that really mean in terms of real world money? We have a student writing in right now asking whether it makes sense to take out a large debt to attend SAIC. What would that 1.5% (as an average, it’s given that some will work above the average, some below) mean to someone who owes $200,000 after attending a school.