Forbes’ Senior Contributor Michael T. Nietzel announced today in his article ”Third Way’s Price-To-Earnings Premium: A New Way To Measure The Economic Value Of College” that Spring Hill College is ranked among the top ten colleges and universities in the country on a new return on investment (ROI) calculator. The Price-To-Earnings Premium, or PEP, is a new method developed by Third Way, the national think tank, to calculate the ROI of various higher education programs.
According to Nietzel, the “list illustrates that colleges can earn a good PEP score (the shorter the time to pay down net costs, the better) in two ways: low net costs … where students are able to cover their college costs in less than one year; or high median earnings ten years after enrollment, as is the case with Stanford, Princeton, Georgia Tech and Harvard.”
“I was extremely proud when I read the news on our inclusion in this prestigious list,” said President E. Joseph Lee II, PhD. “Our staff and faculty also take great pride in providing one of the best education systems in the U.S. This proves what we know: A Spring Hill College education – one gained in the Jesuit, Catholic tradition – is one of the best values for college students and graduates.”
Just last month, the College reported that the Class of 2019 outcomes report shows that 99.5 percent of graduates are employed, in graduate school, pursuing internships or are in service. Breaking the numbers down: The majority secured professional positions, followed by those in graduate school and finally, those who found opportunities in the military, in non-profit service or viable internships. The average salary for the class is $41,680, an increase from the previous year’s graduates.
The top ten rankings, as reported by Forbes, are:
- California State University, Dominguez Hills
- California State University, Los Angeles
- Georgia Tech
- Cuny Bernard M. Baruch College
- University of Texas, Rio Grande Valley
- Spring Hill College
- California State University, Bakersfield