More than half of Americans don’t think that a college degree is worth the money. Some universities may be giving them a proper reason for that.
The HEA Group, a higher education research organization, recently analyzed data from the U.S. Department of Education to determine the income of approximately 5 million former students at 3,887 higher-education institutions across the nation.
They were concerned with which schools’ graduates meet each of four earnings benchmarks:
More than the federal poverty line (FPL), which was $14,580 for 2023 and is $15,060 for 2024
150% of the FPL, which was $21,870 last year and is $22,590 this year
A $15 minimum wage for 50 work weeks per year, which amounts to $30,000
The typical earnings of a high school grad, which is about $32,000 per year
The HEA Group also identified the institutions whose graduates are making the least money 10 years post-graduation and those whose graduates earn the most by the same point.
We’ve compiled a list of which schools’ graduates have the smallest salaries after a decade, but excluded institutions in U.S. territories since the federal government defines poverty in these areas differently.
Stay tuned. After we explain which graduates have struggled the most, we’ll show you which schools produced the highest-earners.
For-profit institutions
The HEA Group analysis found the following for-profit schools primarily offer bachelor’s degrees, and the median earnings of their graduates after 10 years are the lowest of all such schools:
Nightingale College (Utah) — $22,358 per year
Careers Unlimited (Utah) — $24,824
Hussian College (Pennsylvania) — $26,472
Florida National University — $29,229
Nossi College of Art & Design (Tennessee) — $31,180
Arizona College — $31,302
Los Angeles College of Music (California) — $32,350
The North Coast College (Ohio) — $33,627
Salem University (West Virginia) — $33,639
Provo College (Utah) — $33,676
For-profit institutions don’t have a sparkling history, with problems ranging from a different, less rigorous accreditation process to poorer student satisfaction.
A report from the Federal Reserve of New York found that graduates of four-year for-profit schools have more student loan debt, and are more likely to default, than grads of “similarly selective” public institutions. Graduates of for-profit institutions are also more likely to be unemployed.
Private nonprofit institutions
The HEA Group analysis found the following private nonprofit schools primarily offer bachelor’s degrees, and the median earnings of their graduates after 10 years are the lowest of all such schools:
Yeshiva Toras Chaim (New Jersey) — $17,347 per year
Southeastern Baptist College (Mississippi) — $19,174
Yeshiva of Machzikai Hadas (New York) — $19,345
College of Menominee Nation (Wisconsin) — $21,649
Yeshivath Viznitz (New York) — $21,742
United Talmudical Seminary (New York) — $24,085
Naropa University (Colorado) — $24,187
Beacon College (Florida) — $24,347
Manhattan School of Music (New York) — $24,590
Uta Mesivta of Kiryas Joel (New York) — $25,100
Public institutions
The HEA Group analysis found the following public schools primarily offer bachelor’s degrees, and the median earnings of their graduates after 10 years are the lowest of all such schools:
Sinte Gleska University (South Dakota) — $21,742 per year
University of Maine at Presque Isle — $28,114
Institute of American Indian and Alaska Native Culture and Arts Development (New Mexico) — $30,089
Mississippi Valley State University — $30,324
Purdue University Global (Indiana) — $32,704
Harris-Stowe State University (Missouri) — $33,234
Central State University (Ohio) — $33,476
Langston University (Oklahoma) — $33,964
Alabama State University — $34,018
Haskell Indian Nations University (Kansas) — $34,187
The best institutions for graduate earnings
The HEA Group analysis found the median earnings of graduates after 10 years were highest at these schools that primarily offer bachelor’s degrees:
For-profit institutions:
West Coast University (California) — $99,806 per year
DigiPen Institute of Technology (Washington) — $99,210
St. Paul’s School of Nursing (New York) — $98,433
Private nonprofit institutions:
Samuel Merritt University (California) — $129,442
University of Health Sciences and Pharmacy in St. Louis (Missouri) — $129,137
Harvey Mudd College (California) — $128,215
Public institutions:
State University of New York Downstate Medical Center — $112,739
Los Angeles County College of Nursing and Allied Health (California) — $107,401