AVU ranks 5th among public schools in return on investment for low-income students

A new study from Georgetown University’s Center on Education and Workforce ranks the University of Virginia fifth among public colleges — and the highest-ranked flagship university — with the highest return on investment. higher over 40 years for low-income students.

The study’s weighted score considered three things: the graduation rate of Pell Scholarship recipients, the percentage of students who received the scholarships, and the Pell Scholarship recipients’ 40-year earnings percentile rank. .

Here are the top 10 public schools in the new rankings and earnings over 40 years.

  1. Maine Maritime Academy: $2.2 million
  2. Colorado School of Mines: $2.1 million
  3. California State University Maritime Academy: $1.9 million
  4. Georgia Institute of Technology: $1.9 million
  5. University of Virginia: $1.8 million
  6. SUNY Maritime College: $1.8 million
  7. William & Mary College: $1.7 million
  8. University of California-Berkeley: $1.7 million
  9. University of Michigan-Ann Arbor: $1.7 million
  10. University of California, Los Angeles: $1.6 million

The study, “Colleges where low-income students get the highest return on investment,” was released earlier this week and ranked 3,380 institutions in total. Its findings indicate that low-income students “get the best financial returns from attending public institutions, where costs are generally lower,” according to the Georgetown press release.

The Georgetown Center on Education and Workforce reports that low-income students from families earning $30,000 or less a year make up more than a third of students. Researchers found that low-income students who earned bachelor’s degrees in public schools generally fare better, with an average income of $951,000 over 40 years. Low-income students at private, nonprofit institutions come second with 40-year average incomes of $863,000, followed by for-profit colleges, where the 40-year average incomes of these students are $763,000. . The calculations are a student’s earnings over time, after subtracting the cost of attending a higher education institution.

The report noted that, overall, low-income students are not doing as well as their college peers.

“Low-income students have a lower return on investment than all students in public and private institutions and certificates, associate degrees, and bachelor’s degrees, largely because they tend to earn less at school. adulthood,” the press release read.

In its 2021 rankings, US News and World Report noted that the six-year graduation rate of students who received Pell scholarships at UVA was 90%.

During his inauguration in 2018, UVA President Jim Ryan said that one of his missions at UVA was to “[open] opens the door to opportunities for low- and middle-income first-generation students.

AccessUVA, AVU’s financial aid program, guarantees to meet 100% of the demonstrated financial need of admitted students. AVU operates with a “need-blind” admissions policy that reinforces efforts to attract the best students and reach out to the socioeconomic diversity of the student population.

At AVU, in-state students from families earning less than $80,000 per year receive free tuition and fees, while tuition, fees, room and board are fully covered for in-state students with household income below $30,000.

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