People enter the Science and Engineering Innovation Center in San Francisco State University in 2024. September 16, Monday, San Francisco, California (Lea Suzuki/Chronicle)
When choosing which university to attend or registering at all, one of the biggest questions is whether it is worth financial investment. New data show that looking at California’s public colleges, it is increasingly wise to attend school in the Gulf area.
Georgetown University Education Center and Labor Researchers have recently announced an analysis of how 4,600 US college investment returns have changed over the last 10 years. Ig is the difference between attendance costs – science, tax and living costs – from earnings after college. Researchers calculated this metric after a 10 -year sign after registration using the US Education Department’s earnings.
The Chronicle used this data to investigate how public and private universities have changed in California. If colleges IG is now greater than 10 years ago, it means that the school is working better because students earn more, the cost has decreased or both. We have explored the IG data provided by the researchers in 2012 and 2022, which is the last year. 2012 Data usually shows the experience of people who graduated in 2000, and in 2022 The data is for those who graduated in 2010.
The results show that the return of most California college investments continues to increase, even with inflation, although some grow much faster than the other.
Among the towns of the California University, UC Berkeley noticed the highest profit-10 years Ig increased by $ 77,000 from $ 255,000 to $ 331,000 and a jump-30%leap. UC Santa Barbara has increased the second largest – $ 71,000, which is an even higher percentage of 39%.
Among the California State University, Cal Poly Poly San Luis Obiso gained the most and Ig increased by $ 69,000. This was followed by three bay schools: the state of San Jose, the State of Sonoma and the SF.
The rise of the state of San Jose was particularly noticeable. Of the 78 Universities of California, for which investigators had data, the state of San Jose has risen from 19th place in 2012. Until the 9th 2022.
Hans Johnson, a senior researcher at the California Institute of Public Policy, was not surprised to have a Bay Area school into a Ig rating.
“This corresponds to the local labor market conditions of those universities,” said Johnson. After graduation, students often follow the district. According to the Payroll Company Adp study, more than 70% of UC graduates live and work in California and San Francisco are the seventh best job market for the latest college graduates.
Johnson said the San Jose’s strong computer science program and place in the center of the Silicon Valley contributes to an increasingly higher school Ig. He also said that the closeness of SF State in the Silicon Valley helped to strengthen his rating.
The bay district economy has grown in the last decade, which is mainly promoted by the 2010 technology boom. The central valley economy did not suffer the same growth, influencing the region’s schools Ig. For example, CSU Bakersfield has noticed 26 places and negative changes in the last decade.
Behind the bay district, private schools have shown some of the most dramatic changes in the last decade, but it is harder to determine exactly why. Private colleges often visit smaller classes, take care of specialized areas, and face less lifting costs, all of which make it difficult for the findings of this data.
Although Ig is a useful way to assess whether the school gives value, the untreated earnings alone do not tell you everything. For example, colleges in areas such as Fresno or Bakersfield may be lower due to lower living costs, which leads to a lower salary.
“Neither of these data control over the cost of living,” said Jeff Strohlas, professor of research and director of the Education Center. Strohlas said that regional 4 -year -old state schools, which usually serve the locals, also have lower living costs.
Something to consider when viewed Ig over time is a change in attendance costs. Rooms and board have increased due to the cost of living, and the UC and Cal State System has announced rates in recent years.
Although the school is an important factor in determining Ig, the revenue under the college also depends on the state of the economy, Strohl said. Whatever the school they attended, the people who graduated from a great downturn became less in a short period of time than those who graduated before and after. Graduates coming to the market are now facing an uncertain economy, and slowing growth and Ai can be done. Still, research shows that yet visiting a public or non -profit school is still a worthy investment.
