The major you study and the college you attend will determine your return on investment. How can one get a better ROI? Study engineering, computer science, math, or business. Also, public schools are better than private schools, unless you were admitted to an Ivy League institution.

Where To Get The Best Return On Investment For Your College Tuition

It’s a proven fact that college tuition costs have risen faster than inflation for the last 20 years. The average tuition at a private university tops $31,231 per year, and the average tuition at a public university typically runs $9,139 per year, according to the College Board.

But there is more to the college financing equation than just the cost of tuition. What really matters to anyone attending college is the return on investment of the education dollars spent. The goal of college is simple: to gain skills that will pay higher after graduation. And that’s a proven fact – according to the National Center for Education Statistics, young adults with a bachelors degree earn 57% more than a high school graduate.

So, just like an investment banker on Wall Street looking to invest in a company, students need to look at colleges (and the associated costs) as an investment in their future earnings. And they need to be selective of where they spend their education dollars, otherwise they will end up buried in student loan debt with no hope of escape.