This College Is The Biggest Rip-Off In America

[FarCenter]

Small state colleges and small religious colleges offer the worst bang for you buck, according to new analysis from PayScale.

Savannah College of Art and Design ranked as the college with the absolute worst value, with tuition clocking in at $176,000 and a 30-Year Net ROI yielding -$189,000.

PayScale surveyed hundreds of thousands of full-time U.S. employees with a bachelor's degree and projected the average future income of each school's graduates. The company then compared the future income to the cost of the college's tuition, to calculate the return on investment.

Seton Hill University was ranked as the second-worst value, costing $160,200 with a -$186,000 30-Year Net ROI.



Read more: http://www.businessinsider.com/worst-value-colleges-2012-4

[monmouth]

1. Did you mean Seton Hall in New Jersey??..n/t

[unblock]

3. no, seton hill (link):

http://www.setonhill.edu/

it's in pennsylvania.

perhaps attended by more than a few people who thought they enrolled in seton hall university in new jersey, which came it at #228 with a 6.8% roi.

[monmouth]

10. HAHA, many thanks. Had never heard of it...n/t

[FarCenter]

13. Greensburg, PA is probably a lot different from South Orange

Stevens and NJIT are the two highest rated colleges in NJ.

[Drale]

2. My best friend Allyson went to Seton Hall for 2 years

and she hated it. The only part she liked was being close to NYC.

[KamaAina]

6. Seton Hall is not second from the bottom

except in Big East hoops. It's Seton Hill, a tiny school in Pa.

Seton Hall did, however, rescind a speaking invitation to then-Gov. Whitman because she is pro-choice.

[bongbong]

4. Savannah

My impression of SCAD is that it is a place for rich southerners to "park" their kids until they are old enough to take over the family business. I might be wrong, but that was the impression I got when I visited.

[SheilaT]

5. There used to be a kind of college

known as a Finishing School. They were mainly for young ladies of wealthy background, and the academics weren't very rigorous. It was a place for them to be able to get what passed for a college degree while they looked for a husband.

It is my impression that these places largely no longer exist. But there may still be a few out there.

[bongbong]

9. Yes

That is what I was thinking of. Also the world of "Southern Debutante Balls" springs to mind when you walk around the campus.

[TlalocW]

7. Maybe that's the worst on ROI but...

I would nominate "Bible" "college" Rhema University (in a suburb of Tulsa) as the truly biggest rip-off. From what I can tell, they intentionally bankrupt their students while at the same time encouraging them in activities that force them to lay down roots - expensive tuition, 30 page books (by the university's founder or his son) that cost $75, and telling their students to start Bible study groups with non-Rhema persons, which grow into basement churches which become storefront churches, which become cheap steel building churches, etc. meaning their graduates never leave the area, have kids that they send to Rhema, and donate part of their church's collections back to Rhema. Nice scam and also why you can't find a block in non-residential Tulsa that doesn't have 2 to 3 churches on it.

TlalocW

[Tom Ripley]

8. I knew it was going to be SCAD

[Dawson Leery]

11. Religious colleges are indeed a scam.

[KansDem]

12. I wish I had this guide when I started college in the 1970s!

I might have made a few, less-expensive choices!

[Iris]

14. Interesting first sentence considering SCAD is not a small state college or a religious school

(Savannah College of Art & Design) The kids who go there are probably not shelling out $179K on their own.