Southeastern Institute ranks among top schools in South Carolina for ROI according to new Georgetown University study
FORT LAUDERDALE, Fla. – Southeastern Institute’s campuses in South Carolina rank among the best institutions of higher learning in the state for return on investment (ROI) according to a new study published by Georgetown University’s Center on Education and the Workforce. Results from the new study show that Southeastern Institute campuses in Columbia and North Charleston consistently rank in the top 10 for ROI compared to all private post-secondary institutions in South Carolina.
Using data from the new, expanded College Scorecard, the Georgetown report ranks 4,500 colleges and universities by return on investment. The report, A First Try at ROI: Ranking 4,500 Colleges, uses Net Present Value (NPV) as a primary indicator of the value of attending a college or university with the data being presented at different time intervals. Net present value denotes how much a sum of money in the future is valued today. The metric includes costs, future earnings, and the length of time it would take to invest and earn a certain amount of money over a fixed horizon.
When comparing the ROI of all South Carolina’s “less than 2-year” private institutions, Southeastern Institute Charleston and Columbia campuses ranked in the top 5 in all net present value (NPV) timelines (10-year, 15-year, 20-year, 30-year, and 40-year projections). Specifically, for the 15-year, 20-year, 30-year, and 40-year NPV forecasts Southeastern Institute’s Charleston and Columbia campuses ranked #1 and #3, respectively.
When measured against all private institutions in South Carolina, both Southeastern campuses ranked in the top 10 in the 10-year, 15-year, and 20-year timelines, and remained in the top 20 through the 30-year and 40-year NPV forecasts, outranking numerous traditional 4-year institutions.
“We are very pleased that Southeastern Institute was included in this paradigm-shifting study,” said Robert Keiser, Executive Director of Southeastern Institute. “The results verify what we have always believed, that a degree or certificate from Southeastern Institute remains a quality investment for our students.”
The report considers the long-term NPV (40+ years) to be the most comprehensive benchmark for judging value. To estimate these figures, researchers attempted to calculate the time value of money which assumes a greater benefit to receiving money in the near-term rather than the future. The authors of the study applied this concept when examining data from the College Scorecard by looking at institutions’ net prices and median earnings of graduates six, eight and 10 years after attendance. Earnings after 10 years were used as “a reasonable proxy for future earnings.”
About Southeastern Institute:
Founded in 1994, Southeastern Institute is committed to providing quality career education and skill development in a personalized environment devoted to student success. Accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC), Southeastern Institute has locations in Charlotte, N.C.; Columbia, S.C.; and Charleston, S.C. For additional information about Southeastern Institute and its programs of study, visit: www.southeasterninstitute.edu.