Texas A&M ranks first among the nation’s universities when it comes to how much money its graduates make compared with how much is spent on their education, says Smart Money magazine.
“Who would’ve guessed that Texas A&M … would deliver a payback more than two and a half times that of Harvard?” wrote Smart Money’s Neil Parmar. “Public universities turn out to be a far better deal than virtually all the privates we surveyed.”
The rankings, said Parmar, were calculated by taking the median salaries graduates were earning three and 15 years after graduation, then dividing those salaries by the cost of a degree in 2005 and 1993, respectively.
Public universities following Texas A&M in Smart Money’s rankings were the University of Texas, Georgia Tech, the University of Georgia and the University of Washington.