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Which colleges give you more bang for the buck?

That’s what the White House’s College Scorecard attempts to do. It was released Saturday. You can find out how information such as how much money students are earning, on average, 10 years after graduates. Vox has a great breakdown of what this scorecard means and its limitations.

Graduates of our local four-year colleges have earnings above the national average, with Rochester Institute of Technology leading the pack at more than $56,000. More than three-quarters of RIT grads earn more than those with only a high school diploma. Of course, earnings are not the only factor when choosing a college. Tuition, graduation rates, academic programs and location are all important.

The tool also tells us how much debt each graduate accumulates. RIT students typically graduate with $27,000 in debt. Ninety percent of students are paying down that debt, well above the national average of 67 percent. Meanwhile, at Monroe Community College, students graduate with $12,000 in debt, and only 55 percent are paying it down. That jibes with studies showing borrowers with the smaller loans struggle the most, because they’re not earning as much money. Only about half of MCC graduates earn more than high school graduates.

Click here to use the College Scorecard.

College Scorecard


College Scorecard


College Scorecard



2 Responses to Rochester’s College Scorecard

  1. September 12, 2015 at 1:59 pm rochester_veteran responds:

    I’ve known several young people who’ve taken advantage of the 2+2 program, starting out at MCC and then moving on to 4 year SUNY colleges and it worked out very well for them and they minimized their student loan debt. My nephew did it, started at MCC, got his Associates degree and then went on to SUNY Geneseo and got his business administration degree. Now, in his early 40s, he’s a director of learning services at a major children’s hospital. A friend of my sons also started out at MCC and got his 4 year degree in music at Fredonia. He’s now an opera singer and actor/singer in musicals. He also teaches. The 2+2 program has a lot of success stories!

  2. September 14, 2015 at 3:22 pm Some Guy responds:

    Here’s a dirty little secret the higher education industry, the same one that employs more administrators than professors, doesn’t want asked: is the true ROI of a college education even being presented accurately by such statistics? People take correlation to mean causation to an irrational, pun intended, degree here. Smart people were smart before they ever stepped foot in a lecture hall. Does degree inflation accomplish anything other than enslaving millions to debt on the increasingly fraudulent notion that the degree will pay dividends?

    There certainly are careers where some people are better served by learning relevant skills in an academic setting, but those are a hell of a lot fewer than careers where a degree has become a de facto requirement on primary account of there being an obscene oversupply of degreed candidates and a desire to discriminate without actually appearing to discriminate (see Griggs v. Duke Power Company for the disproportionate harm done to the ability of entry-level workers by the near total ban on vocational testing of job candidates, and the abject harm done to all workers striving to climb the career ladder from the lower rungs, harming blacks the most). Which raises the question of whether college has turned into little more than a massively-subsidized means by which taxpayers — directly and indirectly — are forced at gunpoint to pay for what has essentially become a wealth protection racket for the upper middle class (as well as an employment racket for a vast bureaucracy by which the costs are socialized with the gains being privatized).

    If college is truly “worth it”, then equivalent debt-service and opportunity costs (trade-offs) must be factored in. We live in a society where government, not under law but merely the color of law, has created a massively distorted reverse ‘Robin Hood’ economy that creates so many disincentives to productive endeavors, that, lo and behold, more and more and motivated to waste vast sums of capital actually avoiding anything approximating the creation of value — the foundation of any successful economy.

    The gap between rich and poor is exacerbated when the poor and segments of the middle class are told to not enter the workforce and learn vital skills and produce valuable goods and services for the marketplace, and instead enter the “soft labor fantasy camp” that college has become for most people who don’t need it and don’t benefit from it. A high school dropout and a college graduate of three generations ago each had more to offer his fellow man and a markedly better opportunity to provide for a family than either does today.

    There is a cost to the fact that there are now 1.8 government employees for every 1 manufacturing employee. There is a cost to the fact that there are now less than 3 workers supporting a single Social Security recipient (1.75 of them FT private sector workers).

    This religious fanaticism of faith in all things higher ed has hollowed out the economy by divorcing people from recognizing what value is and how it is created. It isn’t created by government force, it can only be the result of millions of individuals exercising free will and choosing the offer their talents to others via mutual agreement. It’s the same problem with the idiotic fight about raising the minimum wage…the actual wage is irrelevant, people won’t be able to buy more with their paychecks when less stuff is produced, or when their positions are no longer profitable at an irrationally-high wage level no market can support.

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