Lake Superior College has been ranked among the Top 25 Best Colleges in the Nation for an online AA degree, based on return on investment, by OnlineU.com.
According to their news release, higher education data research company Optimal announced the launch of its new flagship product OnlineU (formerly Guide to Online Schools) as a premier authority and ultimate destination to help students navigate through this new remote landscape. To better address student needs, Optimal has extensively upgraded the new site with a complete redesign, new rankings for best online colleges for ROI, and numerous thought-leadership articles, all providing students with the data, information and insights needed to make the best possible decisions for their circumstances.
“The pandemic has significantly accelerated the growth of online learning and delivered us into a territory where there is not a lot of qualitative or quantitative information yet,” said Optimal founder and CEO Sung Rhee. “OnlineU is looking to fill this space with our data-driven articles and outcomes-based rankings focused specifically on return on investment, so students are able to vet the value and outcome of their choices rather than playing the guessing game.”
OnlineU’s new 2021 Best Colleges for Return on Investment rankings are based on median salary and mean debt numbers, sourced directly from the U.S. Department of Education’s College Scorecard. To determine mid-career ROI, schools were ranked by graduates’ salaries and debt payments for 10 years after graduation, accounting for standard salary growth and interest on debt payments. This formula gives each school a percentile "ROI score" that reflects how the salary and debt of each school's programs compare to similar ones.
“Understanding your future financial outcome has never been more important,” said Rhee. “As student debt continues to rise exponentially and finances are strained as a result of COVID-19, many people are asking themselves ‘is an education worth it right now?’. By showing the salary and debt that can be expected 10 years after graduation, we can help prospective students answer that question.”
Since the upfront cost of the degree is also an important decision-making factor, OnlineU’s rankings additionally include a manually researched online-specific annual tuition rate for each school.
For more information and to view complete list of the Top 25 Best Online Colleges for ROI: https://www.onlineu.com/degrees/associate
OnlineU.com also ranked Lake Superior College as the Best Online Community College in Minnesota.