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