13 Colleges That Aren't Worth the Money

[thelakelander]

Another list. This one highlights a number of colleges that the author doesn't believe are worth the money to enroll.

Is getting a bachelor's degree still worth the cost?

Payscale, a salary data provider, answered this question by comparing the average cost of education to predicted income over 30 years for graduates at 1,060 schools in the United States.

It turns out that most schools are good investments -- though Payscale economist Katie Bardaro warns that students should consider individually whether college is worth it for their intended career.

At around 3 percent of the schools, however, the return on investment over 30 years is negative, due to some combination of high tuition and low graduate pay.

We've highlighted the worst of those schools here:

13. Lakeland College - Plymouth, WI

12. Shaw University - Raleigh, NC

11. Medaille College - Buffalo, NY

10. Meredith College - Raleigh, NC

9. Ozark Christian College - Joplin, MO

8. Fayetteville State University - Fayetteville, NC

7. Hilbert College - Buffalo, NY

6. Springfield College - Springfield, MA

5. Florida Memorial College - Miami Gardens, FL

4. University of Maine at Presque Isle - Presque Isle, ME

3. Miles College - Fairfield, AL

2. Valley Forge Christian College - Phoenixville, PA

1. The Art Institute of Pittsburgh - Pittsburgh, PA


full article: http://www.dailyfinance.com/2013/05/06/colleges-tuition-bad-investment-roi/?ncid=txtlnkusdail00000004

[I-10east]

Besides Shaw University, I haven't heard any of the other schools listed before.

[thelakelander]

Florida Memorial is a HBCU that used to be located in Jacksonville and St. Augustine.

One of the oldest academic centers in Florida, the university was founded in 1879 as the Florida Baptist Institute in Live Oak, Florida. Soon after, the American Baptist Home Mission Society gave its full support and the first regular school year began in 1880.

In 1882, the Florida Baptist Academy was established in Jacksonville, Florida. The name was later changed to Florida Normal and Industrial Institute. It was there that two brothers, James Weldon Johnson and J. Rosamond Johnson (faculty member), wrote the words and music to "Lift Ev'ry Voice and Sing" (known as the "Negro National Anthem"), in 1900.

Florida Normal and Industrial Institute moved to St. Augustine in 1918 on part of a 110-acre (0.45 km2) tract of land known as "Old Homes Plantation", formerly one of the largest slave plantations in Florida. In 1941, the Live Oak and St. Augustine institutions merged, changing their limited offerings from a junior college classification to a four-year liberal arts institution which graduated its first four-year class in 1945. Its name was changed in 1950 to Florida Normal and Industrial Memorial College. In 1963, the charter was again amended to change the name to Florida Memorial College. In 1968, the college relocated to its present site in Northwest Miami and by 1972 graduated its first class at the Miami site. Florida Memorial College celebrated its 100th anniversary in 1979 and began a series of expansion projects on the 44-acre site.

http://en.wikipedia.org/wiki/Florida_Memorial_University