Best Value Colleges For Art Majors

In terms of return on investment, arts majors get a bad rap, but PayScale's College ROI Report found that art majors can get a good return on investment if they're smart about where they go and what kind of art they study.

Not all educational institutes are created equally, and PayScale's College ROI Report allows you to see which colleges produce the best return on investment for art majors across the country.  Read More

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586Murray State University(In-State)
20 Year Net ROI($22,600)
Total 4 Year Cost$76,600
Grad Rate52%
Time to Graduate5 Years
Loan Amt$30,200
587Eastern Washington University(Out-of-State)
20 Year Net ROI($22,900)
Total 4 Year Cost$137,000
Grad Rate46%
Time to Graduate5 Years
Loan Amt$24,100
588University of the Arts (UArts) - Philadelphia, PA(Private)
20 Year Net ROI($24,500)
Total 4 Year Cost$227,000
Grad Rate61%
Time to Graduate4 Years
Loan Amt$48,500
589Ball State University (BSU)(Out-of-State)
20 Year Net ROI($27,100)
Total 4 Year Cost$151,000
Grad Rate59%
Time to Graduate5 Years
Loan Amt$29,400
590Illinois Wesleyan University (IWU)(Private)
20 Year Net ROI($28,100)
Total 4 Year Cost$206,000
Grad Rate81%
Time to Graduate4 Years
Loan Amt$32,800
591Alfred University(Private)
20 Year Net ROI($29,200)
Total 4 Year Cost$164,000
Grad Rate55%
Time to Graduate4 Years
Loan Amt$32,900
592Indiana University-Purdue University - Fort Wayne (IPFW)(Out-of-State)
20 Year Net ROI($30,700)
Total 4 Year Cost$134,000
Grad Rate26%
Time to Graduate5 Years
Loan Amt$23,700
593Smith College(Private)
20 Year Net ROI($34,500)
Total 4 Year Cost$245,000
Grad Rate87%
Time to Graduate4 Years
Loan Amt$19,400
594University of Tennessee at Chattanooga (UTC)(Out-of-State)
20 Year Net ROI($36,400)
Total 4 Year Cost$147,000
Grad Rate40%
Time to Graduate5 Years
Loan Amt$21,100
595University of New Haven(Private)
20 Year Net ROI($37,800)
Total 4 Year Cost$204,000
Grad Rate50%
Time to Graduate4 Years
Loan Amt$47,000
596University of Memphis (U of M)(Out-of-State)
20 Year Net ROI($38,800)
Total 4 Year Cost$147,000
Grad Rate44%
Time to Graduate5 Years
Loan Amt$22,300
597Capital University(Private)
20 Year Net ROI($39,200)
Total 4 Year Cost$179,000
Grad Rate59%
Time to Graduate4 Years
Loan Amt$33,000
598Carleton College(Private)
20 Year Net ROI($42,700)
Total 4 Year Cost$246,000
Grad Rate93%
Time to Graduate4 Years
Loan Amt$19,300
599Georgia Southern University(Out-of-State)
20 Year Net ROI($43,400)
Total 4 Year Cost$131,000
Grad Rate51%
Time to Graduate5 Years
Loan Amt$24,700
600Valparaiso University(Private)
20 Year Net ROI($47,100)
Total 4 Year Cost$187,000
Grad Rate67%
Time to Graduate4 Years
Loan Amt$29,700

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

The report's calculations are based on the 20-year earnings of art degree alumni as compared to the initial dollar investment made to obtain said degree from each school. You might be surprised by the findings.

One of the biggest surprises is that the best value colleges for arts major are often not art schools. In fact, only a few of the colleges on our art school rankings for art majors are dedicated art schools.

The Fashion Institute of Technology of New York typically provides a high ROI for art majors, largely thanks to its relatively low tuition (FIT is a public school) and specialized education with lots of experiential learning opportunities (internships, etc.).

The rest of the list of best schools for art majors by ROI features a slew of great public schools with strong art programs, including Virginia Polytechnic Institute, the University of California at Davis, San Diego State University and San Jose State University.

Brigham Young University (BYU) is a private school with a great ROI for art majors. BYU has one of the lowest tuitions of any private school thanks to large donations from the Mormon Church, making it a good choice if you want to major in art, where there isn't necessarily a huge demand for jobs directly associated with your major. BYU also churns out some pretty impressive and well-known talent, too. Jon Heder, star of Napoleon Dynamite and Blades of Glory, has a Bachelor of Fine Arts from BYU, along with fellow BYU alum and all-time Jeopardy! winner, Ken Jennings, who maintained a record-breaking 74-game winning streak on the popular game show back in 2004.

The Academy of Art University located in San Francisco, California has a high return on investment for art majors attending a dedicated art school. However, there is one thing to consider if you're thinking of pursuing an art degree at Academy of Art University: the average graduation rate for art majors is 32 percent. If you can manage to be one of the lucky ones to don an Academy of Art University diploma, then rest assured that all of your blood, sweat, and tears have a very promising net ROI over the following 20 years. Just ask special effects Academy Award winner and Academy of Art University alum, Rick Baker, whose filmography includes Maleficent, X-Men: The Last Stand, and Star Wars: Episode IV to name a few.

Hopefully these findings will help encourage more students to pursue art majors and nix the 'starving artist' stereotype once and for all. To help you make a wise investment in your future, check out PayScale's College ROI Report to see which colleges offer the best bang for their educational buck, and which ones don't. However, art majors need to be wise -- we also found a number of schools where the ROI for art majors is negative, meaning they don't earn back the cost of tuition even after working for 20 years.