Location: San Diego, California
California College is another case of spending too much time and effort and reaping little reward – if you reap at all. That’s because the average income of a grad more than five years after graduation is less than $40,000 per year.
That may not sound too shabby, but that’s five years of experience plus a bachelor’s degree – which should equal out to more than that. Especially when you take into consideration that the average debt for alums is nearly $32,000. Something about that equation just doesn’t add up.
Wheaton College
Location: Norton, Massachusetts Students shell out an average of $52,626 per year to attend Wheaten College, but the return on investment just doesn’t add up.
Ten years after entry, grads can only expect to earn around $48,400.
Whitman College
Location: Walla Walla, Washington Whitman’s graduation rate is much better than most others on this list, coming in at 87%. The reason they’re on here, however, is the negative ROI.
The annual tuition and average ten-year earnings are both right around $51,000.
Warren Wilson
College Location: Swannanoa, North Carolina This college is located on a sprawling, beautiful campus right outside of Asheville, North Carolina.
They’ve got a mediocre graduation rate at just over 53%, and the cost of tuition versus the starting salary doesn’t exactly equal out to be very beneficial to grads, especially considering the amount of debt they’re left saddled with.
Argosy University
Location: Atlanta, GA
This former, for-profit university had many troubles that led to its ultimate closure just earlier last year. For starters, the six-year graduation rate was just 13%, and more than 15% of graduates defaulted on their loans.
But that doesn’t compare to the fact they failed to distribute more than $16 million in federal loan funds, and the U.S Department of Education banned them from accessing any more funds in the future.