All too often, we hear from parents who are under the assumption that it doesn't matter what school their kids go to because "they are learning the same things at both schools, aren't they?" However, according to The Foundation on Research and Equal Opportunity (FREOPS)'s research, the two most financially impactful decisions a person makes in their lives are often the college they attend and the major they choose. Students who have the information from FREOPS's research are at a significant advantage over those who do not. We are presenting it here in a simple to read format.
FREOPS calculated the lifetime return on investment for more than 30,000 majors. They found that more than 25 percent had a negative return on investment, and that is before calculating the completion adjustment. They also found that almost 10 percent of majors had more than a $1,000,000 return above what they would have made with only a high school diploma, and that is after factoring in tuition and opportunity costs. FREOPS found the major a student chooses trumps all, but within the same major, the school matters more than one might realize.
The data is only a guide. There are several drawbacks to the data, and one of them is that some of the lifetime returns on the majors were calculated using a small number of graduates from those schools. Therefore, if you see any numbers that don't make sense, it is wise to investigate further to determine their accuracy. That being said, we hope readers will make the most out of the possible advantages of being privy to this information and will share it widely.
We have organized the data by state and by school within those states. We give two for each state: descending ROI by major for the state, and descending ROI by schools in that state. We include the average annual salary at age 25 and 45 and the average lifetime ROI.
We did not include the completion adjustments in our numbers, but it is important for families to understand dropout rates. Around 40 percent of students who start at a four-year college will drop out. Around 60 percent of students who start at a community college will drop out. If a student tests into a development class (usually determined by scoring below a 21 on the ACT), there is greater than a 75 percent chance they will never graduate from any college. If you would like to see the full data from the FREOPS study (including the completion adjustments), you can find it here, and you can find a full analysis of their finding here.
As a plug for ourselves, if you know anyone who has the smarts or the work ethic to get in these better schools or win scholarship money at them, we would love to help them get the ACT score to do it. There is no other program in the nation that is capable of helping students consistently achieve the increases our students do every class. Scroll to the bottom to see what our students have been able to achieve.
Alaska Arkansas Arizona California Colorado Connecticut D.C. Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dekota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Wisconsin Wyoming
If you know anyone looking for world-class ACT prep, we would appreciate you spreading the word about our program. We specialize in helping students score above 30, and there is no program in the nation with a higher percentage of students scoring a five-point increase and greater. Please scroll below to see some of our happy customers!
(Most increases are based on official ACT scores before and after the program.)