Median student earnings among those who attended college in Connecticut and received federal financial aid is between $27,500 and $74,200 ten years after enrollment, with most institutions students’ well above the national average, according to data included in the U.S. Department of Education’s (USDOE) College Scorecard.
The earnings data is compiled 10 years after the students enrolled, as part of the College Scorecard that appears on the USDOE website. CT by the Numbers reviewed the data for schools that offer a four-year bachelor’s degree, a view that includes nearly two dozen colleges located in Connecticut.
Nationally, the median earnings for students is $33,400.
Connecticut’s top ten: Yale University ($74,200); Fairfield University ($68,500); St. Vincent’s College ($61,800); Quinnipiac University ($57,700); Trinity College ($54,700); University of Connecticut ($54,000); Sacred Heart University ($53,900); Albertus Magnus ($52,100); Connecticut College ($51,700); and University of Saint Joseph ($49,500).
The next ten include Wesleyan University ($48,400), University of New Haven ($48,300); University of Hartford ($46,100); Central Connecticut State University ($44,300); Eastern Connecticut State University ($43,400); Western Connecticut State University ($43,400); University of Bridgeport ($42,700); Southern Connecticut State University ($40,700); Charter Oak State College ($39,200) and Post University ($38,600). Also included in the College Scorecard among bachelor’s degree granting institutions are Lincoln College of New England ($31,800); Mitchell College ($30,400); and Goodwin College ($27,500).
According to the university’s website, 51 percent of Yale students receive need-based financial aid from the University. At Fairfield University, 46 percent of full-time undergraduates receive some kind of need-based financial aid, at Quinnipiac University it is 61 percent, according to U.S. News. Approximately 40 percent of Trinity College students receive need-based financial assistance from the institution; more than 80 percent of UConn students receive some form of financial assistance, with 33 percent of UConn’s fall incoming freshmen class receiving a merit-based scholarship, the university website points out.
The College Scorecard, recently updated by the federal agency, is designed “to ensure that students and families have the most up-to-date, comprehensive, and reliable information available on colleges, all in an easy-to-understand format.” The website allows visitors to sort and filter search results to compare schools to assist students in deciding “which college makes the most sense when considering the typical costs, average student loan amount, students’ ability to repay their loans, and their future earnings,” the website materials explain.
The site notes that “experts say that by 2020, two-thirds of all jobs will require a postsecondary education; and college graduates are likely to earn a lot more and experience lower unemployment than those with only a high school diploma.”