BATON ROUGE, La (LSU News Release) - According to SmartAsset, LSU is rated as the best value among universities in Louisiana. The study also showed that LSU graduates have the highest average starting salaries among college graduates in Louisiana.
“In today’s higher education environment, value is everything,” LSU President F. King Alexander said. “At LSU, we’re proud to give our students an exceptional education that provides an outstanding return on their investment.”
To capture the true cost of attending a school, SmartAsset included tuition, student living costs – including room and board, books, supplies, transportation and other personal expenses – and the average scholarships and grants offered to students of the school. To capture what students get in return, the study reviewed student retention rate and the average starting salary.
When determining college value, SmartAssest gave 25 percent weighting to starting salary, tuition and living costs; and 12.5 percent weighting to scholarships and grants and student retention rate to come up with a ranking of schools. Within the ranking, an index figure was created, where the top school was assigned 100.
LSU’s college education value index figure was 58.36, placing it highest among Louisiana universities. When compared to Southeastern Conference peers, LSU is the fifth best value in the conference, behind only Texas A&M, Vanderbilt, Florida and Georgia.
When looking at starting salaries, LSU graduates average starting salary is $48,900, which is the highest among college graduates in Louisiana. When compared to SEC peers, LSU graduates have the fourth-highest starting salaries among conference peers, behind only Vanderbilt, Texas A&M and Florida.
According to its website, SmartAsset is a financial technology company that provides “transparent, automated and accurate advice on big personal finance decisions.”
Sources for the study include data from 2014 National Center for Educational Statistics, 2016 Payscale and 2014 College InSight.