UCSD ranks 4th in return on investment for public universities
UC San Diego was recently ranked fourth among 850 public universities for potential return on investment, comparing increased earnings expectations to the cost of education, a recent salary report from the website PayScale.com reports.
There are a few caveats, however. First, the report considers that a student pays the in-state resident cost of tuition. The university, however, has in recent years followed a trend among other schools in the University of California system to bring in more foreign and out-of-state students, who pay higher tuition rates.
There’s also consideration to be made for the availability of preferred majors. Although, for example, UCSD boasts a nationally-recognized biology department, a lack of funding has caused the campus to limit the number of students enrolling in the major.
Further, tuitions are on the rise at the school, and a popular “transfer admission guarantee” that allows local students to complete some of their undergraduate-level courses at the community college level is set to come to an end in 2014.
Still, the PayScale report shows that an average graduate can expect to earn $647,100 more than a comparable high school grad over a 30 year period, an annual rate of return of 10.8 percent on the degree.
According to the report nearly two-thirds of the undergraduate population receives need-based tuition assistance, and 45 percent of students receive federal Pell Grant funds for low-income students.
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