According to a study by Affordable Colleges Online, just one percent of the private colleges in the U.S. have a documented million-dollar return on investment (ROI): alumni whose lifetime earnings surpass those of non-degree holders by seven figures. The Polytechnic Institute of New York University (NYU-Poly) is among that select group, with an estimated $1.62 million return after taking into account tuition and fees. That figure ranks as the third highest in the nation.
Earlier this year, PayScale ranked NYU-Poly third among all schools in the country–public and private– for ROI in its “Colleges Worth Your Investment.”
Affordable Colleges Online derives its ranking from a three-tiered calculation: estimated 30-year earnings of graduates minus both projected earnings without a degree and four years of tuition and fees.
The earnings potential is especially important for many NYU-Poly graduates: About half of its students receive federal Pell Grants for low-income families, and 38 percent of incoming students report that they are the first in their families to attend college.
NYU-Poly President Katepalli Sreenivasan said, “We have long known that the profession of engineering can provide a path to the middle class and beyond for our students. While we believe that a stellar education is its own reward, we are proud to have this affirmation of the practical, economic value of an NYU-Poly degree.”