AffordableCollegesOnline.org (AC Online) – a top resource for college affordability and financial aid information – has identified Monmouth College in the top 10 percent of Illinois colleges and universities for offering a high lifetime return on investment (ROI). Graduates of the schools listed enjoy the largest earnings gap between non-degree holders over 30 years and earn more on average than graduates from other Illinois schools.
Out of 315 Illinois colleges analyzed, Monmouth was one of only 29 private colleges to make the list.
“These are important lists for prospective students to consider,” says AC Online founder Dan Schuessler. “We’ve sifted through comprehensive data sources to find colleges and universities in Illinois that offer a high quality education with consistent, long-term payoffs in the workplace.”
“With an average return on investment in the hundreds of thousands of dollars, the value of a Monmouth College education is clear,” said Tim Keefauver, MC’s vice president for strategic planning. “For students majoring in select disciplines, that return can be even higher as evidenced by our numerous graduates in careers such as accounting, the sciences, and those involved in our many pre-professional programs.”
Only accredited, four-year, degree-granting institutions were eligible to be ranked in the study, which used PayScale’s 2013 College Value Report to determine ROI.
AC Online compiled its rankings by using the following highly-respected, authoritative data sets:
• NCES, 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.
• IPEDS, the primary federal source for data on colleges, universities and technical and vocational postsecondary schools in the U.S.
• 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.
• Payscale.com, the premier salary data collection organization.