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Most graduating high school seniors have until May 1 to decide where they will go to college.
A bachelor's degree can increase your earning potential but also drown you in student debt.
Graduating high school seniors only have a few hours left to make one of the largest financial decisions of their lives: where to get their bachelor's degree.
College graduates have steadily been making more and more money than their counterparts without bachelor's degrees. At the same time, college has gotten more expensive and drowned many in student debt. To get the best bang for your buck, students need to consider how much they'll earn in the future from investing thousands of dollars in tuition, room, and board over the next four years. That makes May 1, when most students have to decide which institution they will attend, a financial rite of passage.
Knowing the return on that degree can make this decision a little easier. Thankfully, Georgetown University's Center on Education and the Workforce built a database ranking 4,500 colleges on their return on investment using the average net price and earnings from the US Department of Education's College Scorecard. We ranked the top 31 colleges according to how much that investment will be worth in 40 years in today's dollars.
Here are the top 31 colleges with the best return on investment.
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31. Princeton University
Blair Hall at Princeton University.Loop Images/ UIG/ Getty Images.
30. Kettering University
Kettering University students in autonomous vehicle competition.Business Wire/AP
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29. Rose-Hulman Institute of Technology
Elliott McCrory/Getty Images
28. Rensselaer Polytechnic Institute
View from Rensselaer Polytechnic Institute.Hang Yu/Getty
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27. Lehigh University
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26. Worcester Polytechnic Institute
Due to its central location in Massachusetts, Worcester is recognized as the 'Heart of the Commonwealth.'Getty Images
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25. Georgia Institute of Technology
Wikipedia; Shayanne Gal/Business Insider
24. Carnegie Mellon University
Alexander Friedman/Getty Images
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23. Duke University
Jayson Tatum with the Duke Blue Devils.AP Photo/Gerry Broome
22. SUNY Maritime College
An aerial view of the State University Maritime College shows the historic Fort Schuyler in 1956, located in the Bronx, New York.Business Wire/AP
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21. Columbia University
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20. Yale University
Yale UniversityYale University
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19. Bentley University
Bentley University President Alison Davis-Blake speaks during an event on campus (2019).Elise Amendola/AP Images
18. Colorado School of Mines
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17. California Institute of Technology
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16. California State University Maritime Academy
California Maritime Academy
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15. University of Pennsylvania
University students walking on pedestrian road , near University of Pennsylvania, Philadelphia, USAStock Photo/Getty Images
14. Stevens Institute of Technology
Stevens Institute of Technology
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13. Harvey Mudd College
Harvey Mudd College.Ted Soqui/Corbis/Getty Images
12. Massachusetts Maritime Academy
Massachusetts Maritime Academy
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11. University of the Sciences
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10. United States Merchant Marine Academy
Class of 2019 graduates toss their hats during the 83rd Commencement Exercises for the United States Merchant Marine Academy in Kings Point, New York, in 2019.J. Conrad Williams, Jr./Newsday RM via Getty Images
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9. Georgetown University
The campus of Georgetown University is seen nearly empty as classes were canceled due to the coronavirus pandemic, in Washington, DC, May 7, 2020.SAUL LOEB/AFP/Getty Images
8. Harvard University
Joseph P. Kennedy Jr. at Harvard University in 1938.Bettmann/Getty Images
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7. Babson College
Ying Chui Cheng, left, learns about creativity with her teacher, Mary Pinard, on the Babson College campus in Wellesley. Pinard teaches creativity to business students.Janet Knott/The Boston Globe via Getty Images
6. Maine Maritime Academy
A 2015 vigil at the Maine Maritime Academy in honor of four alumni who were part of the missing crew of US container ship El Faro.Robert F. Bukaty/AP Images
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5. Stanford University
(Photo by David Madison/Getty Images)
4. Massachusetts Institute of Technology
MIT Biomimetic Robotics Laboratory members pose with the MIT cheetah robot in Killian Court. Jose-Luis Olivares/MIT
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3. Massachusetts College of Pharmacy and Health Sciences
Boston, MassachusettsDenisTangneyJr/Getty Images
2. St Louis College of Pharmacy
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1. Albany College of Pharmacy and Health Sciences
Albany College of Pharmacy and Health Sciences.Albany College of Pharmacy and Health Sciences