Kent State and Youngstown State universities are being hailed as two of those with the greatest return on investment in Ohio, according to a recent report.
The top colleges in Ohio were ranked according to low net costs (tuition and fees) and lifetime earnings (as compared to non-degree holders) using data from the National Center for Education Statistics, Integrated Post-Secondary Education Data System, PayScale and Carnegie Foundation.
According to the results, YSU ranked 21st among top schools with a return on investment of more than $445,000 and net cost of $7,000. Kent State University's main campus followed closely at 27th with an ROI of $353,000 and net cost of $9,000. Hiram College was 32nd at an ROI of $281,000 and net cost of $26,000. Taking first place in the state was Case Western Reserve University with an ROI of close to $1 million and net cost of just under $39,000.
The analysis, "AC Online: Highest Return on Investment Colleges," was conducted by Affordable Colleges Online. Nearly 400 post-secondary institutions in Ohio were examined.
Ron Cole, YSU's director of University Communications, said they received notification of the analysis a little more than a week ago.
"I think in many ways that this study confirms what many of us have known all along, and that is that YSU offers a quality education at an affordable price that allows our graduates to go on to successful careers. Students for the most part leave YSU without the debt that they may experience at other universities, and our students are successful at earning their degrees and getting jobs," he said.
Return on investment
Top Ohio colleges ranked by greatest lifetime return on investment: (rank - school - ROI - net cost)
1 - Case Western Reserve U. $956,000 $38,760
13 - U. of Akron (main campus) $530,900 $8,004
15 - Ohio University (main campus) $523,000 $9,936
21 - Youngstown State University $445,100 $7,222
24 - Bowling Green State University $381,100 $8,614
27 - Kent State U. (main campus) $353,100 $9,346
32 - Hiram College $281,300 $26,452
Cole said ensuring student success after graduation is what YSU is all about.
"It's a nice honor for us and it just reinforces that we're doing good work," he said.
The ROI analysis used criteria from public and private colleges and universities. The analysis included fully-accredited, four-year degree-granting institutions only. ROI was calculated using PayScale's 2013 College Value Report.