San Francisco – Embry-Riddle Aeronautical University – Worldwide ranks No. 20 on the recently released list of the nation’s 50 Most Affordable Colleges with a High Return on Investment.
The Worldwide Campus has more than 125 civilian and military campuses in the United States, Europe, Asia and the Middle East and also offers a wide range of online degree programs.
For its annual ranking,AffordableCollegesOnline.org (ACO) reviewed 875 colleges to compile a list of the top 50 schools that are both affordable and provide students with the best bang for their buck after graduation. The return on college investment comes in the form of higher salaries throughout the careers of graduates from these colleges.
“This is an important list for prospective students to consider,” says ACO founder Dan Schuessler. “Many students don’t have the financial means or are not comfortable taking on mounds of debt to attend an expensive college. The colleges ranked here are affordable yet still provide students a solid return on their tuition investment.”
To be initially considered for the ranking, each school had to meet the following criteria: fully accredited, nonprofit, public or private four-year U.S. school with total four-year tuition of less than $40,000.
Next, ACO used the following resources to refine the ranking:
•National Center for Education Statistics, the primary federal entity for collecting and analyzing data related to education. It provides consistent, reliable, complete and accurate indicators of education status and trends.
•Integrated Postsecondary Education Data System, the primary federal source for data on colleges, universities, technical and vocational postsecondary schools in the United States.
• Carnegie Classification, a framework widely used in the study of higher education, both as a way to represent and control for institutional differences, and also in the design of research studies to ensure adequate representation of sampled institutions, students or faculty.
As the last step, ACO calculated return on investment by subtracting the cost, or investment, in college from the return of incremental salary expected from earning the degree at a specific college. Using Payscale.com (www.payscale.com), a leading salary data collection organization, ACO determined which institutions had the highest 30-year net return on investment.
AffordableCollegesOnline.org provides prospective college students with information and resources to help them manage the cost of obtaining an education. It is the first website to offer comprehensive lists of the most affordable colleges in various categories.
About Embry-Riddle Aeronautical University
Embry-Riddle Aeronautical University, the world’s largest, fully accredited university specializing in aviation and aerospace, is a nonprofit, independent institution offering more than 40 baccalaureate, master’s and Ph.D. degree programs in its colleges of Arts and Sciences, Aviation, Business and Engineering. Embry-Riddle educates students at residential campuses in Daytona Beach, Fla., and Prescott, Ariz., and through the Worldwide Campus with more than 125 locations in the United States, Europe, Asia and the Middle East. The university is a major research center, seeking solutions to real-world problems in partnership with the aerospace industry, other universities and government agencies. For more information, visit www.embryriddle.edu, follow us on Twitter (@EmbryRiddle) and Facebook, and find Embry-Riddle expert videos on Youtube.