The Wayback Machine - https://web.archive.org/web/20120404152129/https://webspace.utexas.edu/jas5349/Research_Data.htm
| Project |
Interest Rate = |
7% |
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Public |
Private |
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Average Yearly Cost of College |
$20,339.00 |
$40,476.00 |
Cost includes room, board,
transportation, books |
|
|
Average Amortized College Loan |
($8,932.45) |
($17,776.19) |
15-year loan |
|
|
NPW of four-year college |
($81,356.00) |
($161,904.00) |
|
| Median
salary needed to equal high school graduate: |
$45,796.20 |
$53,747.50 |
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Starting Median Salary |
Mid-career Median Salary |
Salary after Tax |
NPW @ Age 65 (Retirement) |
NPW @ Age 65 (Retirement) |
IRR |
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(Assuming Public College) |
(Assuming Private College) |
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| Engineering Degree: |
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Electrical |
$60,800.00 |
$104,000.00 |
$81,170.59
|
$774,347.83 |
$712,898.15 |
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|
($81,356.00) |
($81,356.00) |
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Mechanical |
$58,300.00 |
$97,400.00 |
$76,418.59
|
$725,381.34 |
$663,931.66 |
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|
$1,096,368.05 |
$506,425.29 |
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Petroleum |
$93,000.00 |
$157,000.00 |
$119,330.59
|
$1,167,563.60 |
$1,106,113.91 |
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IRR |
1248% |
522% |
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| Liberal Arts: |
|
$35,700.00 |
$63,900.00 |
$51,743.65
|
$471,120.98 |
$409,671.29 |
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Sociology |
$36,600.00 |
$62,100.00 |
$50,393.65
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$457,210.04 |
$395,760.36 |
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English |
$37,800.00 |
$67,500.00 |
$54,443.65
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$498,942.85 |
$437,493.16 |
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Psychology |
$35,300.00 |
$62,500.00 |
$50,693.65
|
$460,301.36 |
$398,851.68 |
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| Education |
|
$35,100.00 |
$54,900.00 |
$44,993.65
|
$401,566.30 |
$340,116.62 |
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Elementary Education |
$31,600.00 |
$44,400.00 |
$37,118.65
|
$320,419.18 |
$258,969.50 |
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Sports Management |
$37,300.00 |
$59,800.00 |
$48,668.65
|
$439,434.96 |
$377,985.27 |
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Kinesiology |
$34,400.00 |
$61,600.00 |
$50,018.65
|
$453,345.89 |
$391,896.21 |
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| Social Work: |
|
$31,800.00 |
$44,900.00 |
$37,493.65
|
$324,283.33 |
$262,833.65 |
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| Nursing: |
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$52,700.00 |
$68,200.00 |
$54,968.65
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$504,352.66 |
$442,902.97 |
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| Business: |
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$41,100.00 |
$70,600.00 |
$56,768.65
|
$522,900.57 |
$461,450.89 |
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Accounting: |
$44,600.00 |
$77,500.00 |
$61,943.65
|
$576,225.82 |
$514,776.14 |
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Finance: |
$47,500.00 |
$91,500.00 |
$72,170.59
|
$681,608.26 |
$620,158.58 |
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Marketing: |
$38,600.00 |
$77,300.00 |
$61,793.65
|
$574,680.16 |
$513,230.48 |
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| Communication: |
|
$38,200.00 |
$72,200.00 |
$57,968.65
|
$535,265.84 |
$473,816.16 |
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Journalism |
$35,800.00 |
$66,600.00 |
$53,768.65
|
$491,987.38 |
$430,537.70 |
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Advertising |
$37,800.00 |
$73,200.00 |
$58,718.65
|
$542,994.14 |
$481,544.46 |
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Visual Communication |
$36,800.00 |
$57,700.00 |
$47,093.65
|
$423,205.53 |
$361,755.85 |
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| Fine Arts: |
|
$35,400.00 |
$60,300.00 |
$49,043.65
|
$443,299.11 |
$381,849.42 |
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Music |
$36,700.00 |
$57,000.00 |
$46,568.65
|
$417,795.73 |
$356,346.04 |
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Drama |
$40,700.00 |
$68,300.00 |
$55,043.65
|
$505,125.49 |
$443,675.80 |
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Art |
$33,500.00 |
$54,800.00 |
$44,918.65
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$400,793.47 |
$339,343.79 |
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| Natural Sciences: |
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Computer Science |
$56,200.00 |
$97,700.00 |
$76,634.59
|
$727,607.09 |
$666,157.41 |
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Mathematics |
$46,600.00 |
$88,300.00 |
$69,866.59
|
$657,866.93 |
$596,417.25 |
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Animal Science |
$34,600.00 |
$62,100.00 |
$50,393.65
|
$457,210.04 |
$395,760.36 |
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| College Bachelor's Degree |
Median Earnings |
|
$47,345.00 |
$39,327.40
|
$343,179.02 |
$281,729.33 |
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| High School Diploma: |
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Highest Paid jobs (Air Traffic
Controller) |
$109,850.00 |
$85,382.59
|
$1,169,024.92 |
$1,169,024.92 |
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Median Earnings |
|
$27,967.00 |
$24,190.70
|
$331,209.57 |
$331,209.57 |
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