Another reason to attend CCNY: it's #1 among U.S. universities when it comes to the return on your investment. This according to Degreechoices.com.
Degree Choices, a team of education researchers working to provide valuable financial advice and guide prospective students to find schools and careers that best suit their needs, ranks The City College of New York #1 of all national universities in the United States for economic return on investment (ROI).
In addition, CCNY placed highly in other Degreechoices categories for ROI, namely:
- #1 of all national universities in NY;
- #4 of all colleges in NY;
- #4 of all Hispanic-serving Institutions (HSIs) in the US; and
- #4 of all HSIs in NY.
“These outstanding achievements see CCNY beat leading institutions at the top of the rankings, such as Princeton, MIT, Stanford, Harvard and Yale,” said Carly Brown, Degreechoices head of University & Media Relations.
She explained that CCNY’s two #1 positionings “are in the ranking category which looks at colleges which are classified as national universities only. The #4 positionings are in ranking categories which consider all types of college (except for community, online, and for-profit), and not just national universities alone.
This sees Baruch, Hunter, and Lehman take positions #1-3 in HSIs nationally, HSIs in NY, and all colleges in NY due to their lower economic score (lower = better for economic score).”
Degreechoices calculates return on educational investment by taking median student earnings 10 years after the first year of studies and deducting the median net cost of the degree (after aid) from these earnings. It then deducts the earnings that the student likely would have had with just a high school diploma.
For CCNY graduates, the ROI is across degree types and majors. It helps secure their future and that of their families.
The rankings are the outcome of Degreechoices’ quest to answer the question: “is college still worth it?”
“We analyzed data on over 2000 colleges and found that graduates from over 500 schools took more than 10 years to recoup their educational investment, and 25% of the total schools surveyed provided negative value, meaning their students would likely have been better off financially having not gone to college in the first place,” said Brown.
Data from two U.S. Department of Education programs – the Integrated Postsecondary Education Data System (IPEDS) and College Scorecard was used.
“Many ranking systems focus on assigning value to different schools based on a myriad of non-economic factors – student to teacher ratios, incoming student average test scores, endowment size, and peer reviews to name a few. Our ranking system is different because it is focused entirely on median economic output, or which schools and programs offer students a better chance of higher economic success,” added Brown.
Our findings have led to the conclusion that, for most degree programs available on the market, the answer is yes – the value of higher education is indeed worth the investment.”
Click here for the complete methodology.
About the City College of New York
Since 1847, The City College of New York has provided a high-quality and affordable education to generations of New Yorkers in a wide variety of disciplines. CCNY embraces its position at the forefront of social change. It is ranked #1 by the Harvard-based Opportunity Insights out of 369 selective public colleges in the United States on the overall mobility index. This measure reflects both access and outcomes, representing the likelihood that a student at CCNY can move up two or more income quintiles. Education research organization DegreeChoices ranks CCNY #3 nationally for social mobility. In addition, the Center for World University Rankings places CCNY in the top 1.8% of universities worldwide in terms of academic excellence. Labor analytics firm Emsi puts at $1.9 billion CCNY’s annual economic impact on the regional economy (5 boroughs and 5 adjacent counties) and quantifies the “for dollar” return on investment to students, taxpayers and society. At City College, more than 15,000 students pursue undergraduate and graduate degrees in eight schools and divisions, driven by significant funded research, creativity and scholarship. This year, CCNY launched its most expansive fundraising campaign, ever. The campaign, titled “Doing Remarkable Things Together” seeks to bring the College’s Foundation to more than $1 billion in total assets in support of the College mission. CCNY is as diverse, dynamic and visionary as New York City itself. View CCNY Media Kit.