Longview, TX — LeTourneau University ranks fifth in the state for the best return on students’ investment, with graduates pocketing about $436,000 in a span of 20 years, according to a report released this week by a Seattle-based firm.
“I tell most people that you can buy a Ford F-250 or you can go to LeTourneau,” said Phil Coyle, the private university’s provost and executive vice president. “Within seven years, you will more than double what you spent on your education.”
PayScale, a Seattle company, provided insight into the comparative value of higher education by ranking colleges and universities in the U.S. on the total income graduates are expected to pocket after 20 years in the work force. The total subtracts the cost of the college education and what the student would have earned as high school graduates.
LeTourneau ranked fifth in the state, behind Rice University, Texas A&M University, the University of Texas at Austin and Prairie View A&M University. It was the second highest ranking private university in the state, with only Rice University ahead of it.
PayScale showed that the average cost to obtain a degree at LeTourneau is $150,900 while students typically pocket a net of $436,000 within 20 years of graduating. The university has a graduation rate of 61 percent, according to Payscale.
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