Is College Worth It? | Calculating ROI of College Degrees

about episode 521:

November 19, 2021

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Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at The Foundation for Research on Equal Opportunity put together the most extensive research on college degree ROI ever created. Preston’s findings allow you to parse through over 30,000 degrees and school choices so you (or your child) can make the best decision on where to get a bachelor's degree.

Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at The Foundation for Research on Equal Opportunity put together the most extensive research on college degree ROI ever created. Preston’s findings allow you to parse through over 30,000 degrees and school choices so you (or your child) can make the best decision on where to get a bachelor's degree.

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Is college worth it? For the first time in history, we may have a definitive answer to whether or not your specific degree and school choice provides a positive ROI. We know that ROI isn’t the only thing that matters when choosing a degree, but when looking at higher education through a financial independence lens, it’s definitely the highest value.

Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at The Foundation for Research on Equal Opportunity put together the most extensive research on college degree ROI ever created. Preston’s findings allow you to parse through over 30,000 degrees and school choices so you (or your child) can make the best decision on where to get a bachelor’s degree.

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Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
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Read Preston’s Full Degree ROI Study:
https://freopp.org/is-college-worth-it-a-comprehensive-return-on-investment-analysis-1b2ad17f84c8
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Learn More About FREOPP:
https://freopp.org/
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Full Degree ROI Table:
https://public.flourish.studio/visualisation/7583742/
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Read Preston’s Articles on Forbes:
https://www.forbes.com/sites/prestoncooper2/
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Episode 44 with Tinian Crawford:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-44-diy-fi-tinian-crawford
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
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Follow Dave, Scott, and Mindy on Instagram:
@thedatadeli or https://www.instagram.com/thedatadeli/
@scott_trench or https://www.instagram.com/scott_trench/
@mindyatbp or https://www.instagram.com/mindyatbp/

Episode 521

Show notes at: https://www.biggerpockets.com/moneyshow251

0:00 Intro
5:59 Meet Research Fellow Preston Cooper
8:06 Creating the Degree ROI Study
19:28 Real Estate vs. Higher Education
21:44 Criticisms of The Study
30:15 Was Your Degree Worth It?
34:16 Biggest Takeaways from the Study
40:21 For-Profit vs. Non-Profit Colleges
41:34 Degrees with The Worst ROI
47:31 Policy Changes That Could Help Students
50:13 Is Rising Tuition Cost Curtailing ROI?
55:45 How Do Subsidies Affect ROI?
1:07:14 Dave, Mindy, & Scott’s Degree ROI
1:14:13 Wrapping Up Preston’s Findings