It costs a pretty penny to attend an Ivy League school, but in terms of professional income accumulation, it may be worth every penny.
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On average, the cost of attendance at Brown University, for example, is $83,000. After financial aid is factored in at $47,590 for the average student, the net short-term cost stands at $27,659 per year.
The University of Pennsylvania charges the costliest annual Ivy League school bill, at $85,738, with a net cost of $24,167 after financial aid flows in.
As sky-high as those numbers may be, new data shows the flip side of that financial equation – annual salaries earned after earning an Ivy League degree – makes the robust tuition bills worth the cost.
Here's What Ivy League Grads Make the Most
According to data from the U.S. Department of Education, as published on CNBC, a degree from the University of Pennsylvania translates into an annual salary of $103, 246 after 10 years of work. That’s the largest average salary among Ivy League schools.
Penn grads still have about $16,000 in outstanding student loan debt to pay after graduation.
Princeton University is not too far behind with an annual salary of $95,659 10 years after graduation, with median annual student debt standing at $10,450.
At world-renowned Harvard University, the median salary slides to $84,918 after 10 years on the job, with a median debt after graduation of $13,000 per year.
The U.S. Department of Education data includes students who attended Ivy League schools but didn’t graduate. That means more annual income for students who did earn a degree, CNBC reports.
That’s good news for Ivy League graduates, most of whom will earn exponentially more income in their 30's, 40’s, and 50's, thus cementing their reputations as the highest-earning college demographic in the U.S., year after year.
