Does College Pay? Site Shows Risks, Rewards

Whether college pays — in dollars — depends on where you go and what you study. College Risk Report, a web site created by 29-year-old Jared Moore, asks the collegebound to enter their prospective college or university and their major. It estimates how long it would take to pay off a bachelor’s degree and compares that to the payoff for an associate degree at an “average” community college or a high school diploma.

Forbes asked the site to analyze the time needed to pay off loans for an art degree from a small liberal arts college, Marymount Manhattan.

Earning a four-year degree in art would pay less over a lifetime than getting a two-year degree or “simply being an artist right out of high school,” notes Forbes.  An engineering degree from a state university has a faster payoff and is worth much more than two-year degree.

The site now reports on the cost and value of the “average” community college but hopes to add data for specific colleges and associate degrees.

Via Joanne Jacobs, Community College Spotlight.