Pharos-Tribune

Local News

November 7, 2013

State report compares value of college degrees

Associate holders earning more in first year, but discrepancy changes over time.

INDIANAPOLIS — Indiana higher education officials have long been promoting the value of a college degree, but a new report shows some degrees are much more valuable than others.

According to the “Return on Investment” report issued Wednesday by the Indiana Commission on Higher Education, Indiana students who’ve earned an associate degree at a two-year college are averaging higher salaries in their first year of employment than graduates of the state’s four-year public universities.

That salary discrepancy changes over time, but much more so for some degrees than others.

Graduates with a four-year engineering degree from Purdue University, for example, have an average salary of just over $65,000 within five years of leaving school — earning about $28,000 more than a Purdue grad with a history degree. And the report shows that while most of those engineering grads go on to work in their field of study, one of top fields of employment for those history majors is in the restaurant industry.

The detailed report includes information on tuition costs, student debt load, graduate salaries by degree and the top three fields of employment by degree, for every public two-year and four-year institution in Indiana. The data in the report was pulled from several sources that track Indiana students who remain in the state after college.

“We want to be unequivocal in our message that a college degree is valuable, and more valuable than ever,” said Jason Bearce, associate commissioner for strategic communications and initiatives. “But it’s become increasingly clear that the return on investment that people get depends greatly on the choices they make and what they want to come out it.”

The ROI report is the latest in a series of ongoing efforts initiated by Higher Education Commissioner Teresa Lubbers to provide more information to Hoosier students and their families about the costs and benefits of a college education.

Text Only | Photo Reprints
Local News
  • NWS-PT073114 Hopper2.jpg The right track: Logansport boy advocates railroad crossing safety

    It's not uncommon to see 12-year-old Ethan Hopper sitting in a lawn chair near his father's business on 18th Street in Logansport, his cell phone pointed at a locomotive heading down the nearby tracks. The engines make up a fascination modern technol

    July 31, 2014 2 Photos 1 Link

  • Cass Co. Community Foundation eligible for grant The Cass County Community Foundation is eligible to receive half a million dollars from Lilly Endowment Inc. as a matching grant at some point over the course of the next couple of years.Lilly Endowment announced the sixth phase of its Giving Indiana

    July 31, 2014

  • Locals: EPA delay request too late Logansport officials say while they appreciate a state executive’s request to delay new rules on coal power plants, its timing still requires pursuing a new power plant for the city.The U.S. Environmental Protection Agency published last month its Cl

    July 31, 2014

  • Supreme Court observers predict ‘wide open’ process of picking of next chief INDIANAPOLIS — State Supreme Court Chief Justice Brent Dickson surprised observers in June when he decided to step down after a brief tenure in the leadership post.Another surprise may be in store when his replacement is named.A seven-member panel of

    July 31, 2014

  • Police Blotter: July 30, 2014 Have a tip? Anyone with information on a crime is encouraged to call Crime Stoppers at 800-222-TIPS. Information leading to an arrest or conviction could lead to a reward of up to $1,000.

    July 30, 2014

  • Pence pushing Medicaid alternative during DC trip INDIANAPOLIS (AP) — Indiana Gov. Mike Pence is heading to Washington to seek federal approval of his proposed state-run alternative to traditional Medicaid in order to expand health care coverage for low-income residents. The governor's office says P

    July 30, 2014

  • Area could see higher healthcare premiums Individual premiums for healthcare under the Patents Protection and Affordable Care Act could go up in counties with poorer health, according to a Ball State University study.The study said counties with poor health, specifically high diabetes incide

    July 30, 2014

  • NWS-PT072914 Voting2.jpg Round 2: Deadlines approach to file for November election Openings are filling up as deadlines to file approach to run for local town councils and school boards.Up for election this fall are town council seats in Royal Center’s districts No. 2, 3 and at large and at large in Walton as well. The filing deadl

    July 30, 2014 2 Photos

  • NWS-PT073014 Hickman.jpg Two arrested in purse-, wallet-snatching spree

    MONTICELLO — Two were arrested late last week in relation to a string of purse and wallet thefts from shopping carts in local department stores. Lindsey R. Hogg, 22, Monticello, and Rachel D. Hickman, 23, Burnettsville, were arrested by the Lafayette

    July 29, 2014 2 Photos

  • Fatal wreck UPDATE: Monticello woman killed in overnight wreck

    A Monticello woman was killed late Monday night in an automobile accident involving a car and semi-trailer truck in the northbound lane of U.S. 31 near the junction with U.S. 931.

    July 29, 2014 1 Photo

Featured Ads
More pharostribune.com
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Poll

Should grocery and convenience stores be allowed to sell cold beer?

Yes
No
Unsure
     View Results
eEdition