Loyola ranks in the top 100 among universities for long-term return on investment
| By Molly Robey
A Loyola University Maryland degree is one of the most valuable in the country, according to a study completed by Georgetown University’s Center on Education and the Workforce.
“A First Try at ROI” ranked 4,500 higher education institutions according to the net present value of future earnings at different time horizons up to 40 years after graduation. According to the report, the long-term return on investment from a Loyola degree ranks 90th in the nation, placing Loyola in the top 2% in the country. This is the case at both the 30-year and 40-year mark.
“Return-on-investment reports typically show students’ potential earnings up to 10 years after graduation,” said Eric Nichols, vice president for enrollment management. “This is the first report I’ve seen that attempts to capture a more complete long-term ROI outlook by factoring in education costs, loan debt, career earnings, and inflation. Seeing Loyola ranked in the top 100 in the nation demonstrates that Loyola is a great investment now and throughout a student’s lifetime.”
The study, which measured the cost of paying for college versus what students will earn throughout their careers, found that public and private four-year institutions offering bachelor’s degrees had the highest ROI long term. Two-year colleges or certificate programs were found to have a short-term return on investment, including 10 years after enrollment. Private institutions like Loyola were found to have a higher ROI over the longest period.
“The Jesuit, liberal arts education we offer at Loyola truly prepares our students for the future—both immediately after graduation and far into the future,” said Rev. Brian F. Linnane, S.J., president. “This type of ranking merely affirms what we tell our students—that a Loyola education ensures they are immediately employable and infinitely adaptable and that they are well-prepared for whatever opportunities they will encounter in the future.”
For more information on the study, visit https://cew.georgetown.edu/cew-reports/collegeroi/.