Raj K. Kohli

(Judd Leighton School of Business and Economics, Indiana University South Bend, USA)

 

 

Abstract: This study examined the ROI, total 4-year education cost, graduation rate and average loan amount for undergraduate education in schools of five selected Midwestern States. The results indicate that students in Michigan enjoyed highest mean ROI (5.79%) accompanied with minimum standard deviation of 2.09% over 20-yeasr period. The highest annual median income of 5.46% is also reported by the schools in Michigan. University of Notre Dame produces the highest graduation rate of 95 percent in this group. Graduates of Michigan Technological Institute (In-State) enjoyed highest ROI of 10.62 percent over 20-years period of study.

 

 

Key words: ROI; Midwestern States; undergraduate education

JEL codes: I2