Illinois in Top Ten of SmartMoney List

Which colleges are really worth it for their alumni? Colleges where loan debt doesn't exceed earning potential, colleges that promise a healthy median mid-career pay. Illinois ranks 5th among public schools in the latest SmartMoney list

From the Huff Post College

First Posted: 8/23/11 08:44 AM ET   Updated: 8/23/11 01:56 PM ET

It's a ranking that becomes more and more popular as years pass: the list of colleges that purport to make their grads the most money. There are the party schools that pay off; the schools with the best mid-career salaries; the colleges with the top return on investment.

But which colleges are really, truly worth it for their alumni? Colleges where loan debt doesn't exceed earning potential -- colleges that promise a healthy median mid-career pay.

SmartMoney worked with salary data site PayScale to calculate just such a list, and the results may surprise you. There are no Ivies on their final list; no Harvey Mudds or Cal Techs. SmartMoney and PayScale considered a melange of factors in their formula, including tuition and fees today and a decade ago, recent graduate median pay and mid-career graduate median pay to come up with a "payback ratio" for each school examined. The higher the ratio, the better.

See for yourself the 12 schools with the top payback ratios below -- and check out SmartMoney for the full list, including a nifty interactive table of results.

Interested in how your major will pay off? See the best and worst paying majors.

 Read more about the SmartMoney Survey in the Huffington Post at

 http://www.huffingtonpost.com/2011/08/23/colleges-that-help-grads-_n_933891.html#s336416&title=University_of_Illinois

 

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