SOUTHFIELD – In the latest release of the 2014 PayScale College ROI Report, Lawrence Technological University ranked highest in the metropolitan Detroit area and placed in the top 100 colleges and universities nationwide. This report measures the return on investment and increased earning power generated by a college bachelor?s degree.
The Seattle-based research firm looked at how much college graduates earned over the first 20 years of their careers, minus the cost of tuition, room, board and books, taking financial aid into account. PayScale then compared that number to the pay of a high school graduates who worked for 24 to 26 years.
The net return on investment on an LTU bachelor?s degree over 20 years was $183,900, which placed it 91st in a survey of 1,310 colleges. (Almost all public universities appear twice in the survey to reflect the different tuition rates for in-state and out-of-state students.) The PayScale survey documents that students who get the best return on their college investment major in science, technology, engineering or math (STEM) and attend schools with well-known programs that help with job placement.
?LTU is firmly committed to offering STEM and STEM-leading education,? said LTU President Virinder Moudgil. ?STEM is part of our DNA, and it has been since we were founded at the edge of Henry Ford?s famous Model T factory in 1932.?
Moudgil addresses concerns from students and parents about the bottom line of their investment in higher education. ?They want to know that the time and money they put into college will pay off in their careers. We?re pleased that the results at LTU have been consistently strong and reflect the type of high-paying, high-value professions that LTU graduates typically aspire to.?
The new LTU Taubman building will feature a STEM center dedicated to improving the teaching of STEM subjects by incorporating a system of projects with industry partners, integrating the newest technologies, and assuring a high amount of educational mentoring and counsel.
The entire list of schools and source for this article can be found at PayScale.Com
