Once again, Oregon Institute of Technology’s high return on investment (ROI) has been recognized in a study by financial technology company, SmartAsset. In the rankings released last week, an Oregon Tech degree is noted as having the highest return on investment (ROI) of any colleges or universities in Oregon.
In the latest edition of the “Best Value Colleges” study, SmartAsset examines which colleges and universities offer the best career and salary return against tuition costs and any debt load that students have incurred. SmartAsset looked at five factors to determine the best value colleges and universities: tuition, student living costs, scholarship and grant offerings, retention rate and starting salary. The study gave 25% weighting to starting salary, tuition, and living costs; and 12.5% weighting to scholarships, grants and student retention rate to determine the ranking of schools.
The study reports that Oregon Tech graduates earn an average starting salary of $59,500, which is $9,200 higher than the next highest university in the rankings. The average starting salary for all Oregon higher education graduates is $45,833, close to the $45,727 nationwide salary. Oregon Tech is also among the lowest cost for tuition and student living costs.
Sources used to formulate this study included research by the National Center for Educational Statistics, Payscale, and College InSight.
The full study of “Best Value Colleges” is available at https://smartasset.com/student-loans/student-loan-calculator?year=2017#us. To view a full list of Oregon Tech accolades, please visit www.oit.edu/news/university-accolades-rankings.
About Oregon Tech
Founded in Klamath Falls in 1947, Oregon Institute of Technology is the premier public polytechnic university the Pacific Northwest. Oregon Tech provides degree programs in engineering, technology health technologies, management, communication, and applied sciences that prepare students to be effective participants in their professional, public, and international communities through hands-on, applied learning. Oregon Tech has a full-service, residential campus in Klamath Falls, an urban, industry-focused campus in Wilsonville, an Online campus, as well as other degree deliver sites. Visit www.oit.edu to learn more about Oregon Institute of Technology.
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