Loyola University Maryland is ranked in the top 7 percent of more than 1,300 U.S. colleges and universities for return on investment in PayScale.com's 2014 College ROI Report. With financial aid included, Loyola is in the top 6 percent.
PayScale is an online compensation database that has released a college ROI report annually for the last several years. Loyola's overall ranking for 2014 is based on the net income a graduate will earn 20 years after graduation after subtracting both what they would have earned as a high school graduate and the cost of college. Based on that formula, PayScale found the 20-year ROI for a Loyola graduate to be just under $500,000; the ROI for the top 1 percent of schools starts at just under $700,000.
"With numerous examples of alumni who are achieving professional success and contributing in positive ways throughout the world, we don't need rankings to know that a Loyola University Maryland education is worth the investment," said Rev. Brian F. Linnane, S.J., Loyola's president. "However, external acknowledgment is particularly welcome for our students and their families who not only believe in the value of a Loyola education, but are also making the sacrifices with confidence that the investment is—and will be—worth it."
Loyola also ranked No. 49 of nearly 500 private not-for-profit universities on PayScale’s list and in the top 10 percent for business majors. Loyola's ROI is No. 3 among all Maryland schools and No. 2 when the average amount of financial aid awarded to students is considered. In addition, Loyola is in the top 3 percent of PayScale's "Best Religious Schools" for ROI and top 8 percent for "Best Schools for Sports Fans."
PayScale generated the rankings using data collected from employees who successfully completed a PayScale survey. Only graduates who are employed full-time and paid with either an hourly wage or an annual salary were included in the report. Also, only employees who possess a bachelor's degree and no higher degrees were included.
Loyola moved up in PayScale's rankings compared to last year, from No. 157 to No. 83 overall. Loyola’s full profile for 2014 is available at payscale.com.