Sonoma State University has been named one of 62 California colleges and universities with the greatest lifetime return on investment according to rankings announced by AffordableCollegesOnline.org (AC Online).
Graduates from these schools enjoy the largest earnings gap between non-degree holders over thirty years, and earn more on average than graduates from other California schools.
Out of 767 California colleges analyzed, SSU ranked 45th with a return on investment of $546,000. The ROI is the incremental lifetime earnings as a result of earning a college degree minus the cost of the education.
Incremental lifetime earnings is the amount of salary earned by a graduate over a 30 year period over and above the amount earned by the average worker with a high school diploma. The total cost of education includes tuition and fees, room and board, and supplies and fees. Total cost also factors in time to graduates.
The analysis is based on PayScale.com's 2013 College Earnings Report and findings from Integrated Post-Secondary Education Data System (IPEDS), the National Center for Education Statistics (NCES), and the Carnegie Foundation.
President Obama recently announced a systematic move to rank colleges by value, with schools earning top honors for making student debt manageable, and for producing students who have "strong career potential when they graduate." Both ranking factors illustrate clear government focus on making college a smart long-term investment for everyone, says SSU President Ruben Arminana.
For complete details, visit, http://www.affordablecollegesonline.org/online-colleges/california.