The U.S. Department of Education’s recently updated College Scorecard shows that Missouri S&T provides a strong return on investment at an affordable price, with S&T outperforming national averages in terms of cost, graduation rate and the earnings of its graduates.
The Education Department recently revised the College Scorecard to make it “more useful for students and families weighing college options.” The online tool allows users to search a database of U.S. colleges, community colleges and universities and to compare schools, majors and other information.
“For so many students and families, the college search process can be overwhelming. But easily accessible, high-quality information about higher education institutions can help students determine which college or university is the best fit for them,” U.S. Secretary of Education Miguel Cardona said in announcing the updated scorecard. “The updated and enhanced College Scorecard shines a spotlight on affordability, inclusivity and outcomes over exclusivity and colleges that leave students without good jobs and with mountains of debt.”
Missouri S&T’s College Scorecard profile shows that S&T outperforms the national average of all four-year institutions in three areas: graduation rate, price, and earnings of its graduates and former students who received federal financial aid.
According to the scorecard, the annual net price to attend S&T – which the Education Department calculates as what an in-state student who receives federal financial aid pays to cover expenses – is $14,262, nearly $5,000 less than the national average of $19,202 for four-year institutions.
The median earnings of $80,289 for those who attended S&T is nearly twice the national average of $47,976 for all four-year institutions. For the College Scorecard, the Education Department determines median earnings based on former students who received federal student aid and began college at an institution 10 years ago, regardless of whether they graduated from that institution.
Missouri S&T’s six-year graduation rate of 68% also outperforms the average of 56% for all four-year schools in the nation.
This is the first time since 2018 that the Education Department is publishing institution-level earnings data, which provide an overall sense of the career outcomes for alumni of the institution. The scorecard also includes additional information about graduates who are better off for having gone to the college, by showing the percentage of those earning more than the typical worker with only a high school diploma.
About Missouri University of Science and Technology
Missouri University of Science and Technology (Missouri S&T) is a STEM-focused research university of over 7,200 students. Part of the four-campus University of Missouri System and located in Rolla, Missouri, Missouri S&T offers 101 degree programs in 40 areas of study and is among the nation’s top 10 universities for return on investment, according to Business Insider. S&T also is home to the Kummer Institute, made possible by a $300 million gift from Fred and June Kummer. For more information about Missouri S&T, visit www.mst.edu.