One must consider several factors when searching for the best college for an individual student. Read More
You will find several numbers on PayScale's rankings, but the most significant statistics are the net 20-year return on investment or ROI. (Note that you can calculate ROIs based on whether you live on or off campus and whether or not you will receive financial aid to help pay for your tuition.) These two figures tell you how much more money a graduate from a particular school can expect to earn than a high school graduate over a 20-year period. The best value colleges Hawaii has to offer are those with high net 20-year ROIs.
We only have three entries on our college ROI report Hawaii, so this makes choosing the best option fairly easy. The school that occupies the top spot in our rankings is the private Hawaii Pacific University. This university is the second most expensive school on our list. Students who live on campus pay $133,300 to attend this educational institution, and they can expect to earn $289,700 more than a high school graduate will in the next 20 years.
Students can obtain help paying their tuition costs from several sources. For example, 38 percent of the student population receives Pell Grant money. Pell Grants are federally sponsored financial aid that students from low-income families qualify for. Students can also apply for student loans. Those who receive them obtain an average $29,920 for four years. The average amount that students receive in grant money is equal to $8,000 each year. Since financial aid decreases the amount of money that students pay in tuition, we calculated a different net 20-year ROI for them, and it is $321,700 for those who live on campus.
If the initial cost of tuition is a concern, your other option is the school in the second spot on our list. At the University of Hawaii at Manoa, in-state students pay $87,700 to attend this public institution. After graduation, they can expect a $225,300 net 20-year ROI. This same school also occupies the third position on our list of the best value colleges in Hawaii. Out-of-state students pay $149,800 for tuition with the expectation that they can earn $163,200 more over the next 20 years than they would as high school graduates.
Hawaii is an expensive state to live in, but in terms of college return on investment, Hawaii schools fare quite well. Both schools give students an opportunity to study several different subjects. Hawaii Pacific University has programs for Management and Marketing, Hospitality and Tourism Industry Management, History and Psychology. The University of Hawaii at Manoa offers studies in Social Work, Hawaiian Knowledge, Nursing and Dental Hygiene, Business and Architecture. Your choice of major has a huge impact on your future earning potential, so your ROI will vary depending on what you study. Our general college ROI rankings give you a starting point to estimate how much you will earn with a college degree from each school, which makes it easier to estimate how much you can afford to pay in tuition.
The PayScale.com College ROI rankings are a great tool to help you determine the value of college education Hawaii colleges offer students. Show Less