NYU-Poly Grads See Million Dollar Returns on Their Investment

BROOKLYN, N.Y., Sept. 4, 2013 /PRNewswire/ -- According to a study by Affordable Colleges Online, just one percent of the private colleges in the U.S. have a documented million-dollar return on investment (ROI): alumni whose lifetime earnings surpass those of non-degree holders by seven figures. The Polytechnic Institute of New York University (NYU-Poly) is among that select group, with an estimated $1.62 million return after taking into account tuition and fees. That figure ranks as the third highest in the nation.

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Earlier this year, PayScale ranked NYU-Poly third among all schools in the country–public and private– for ROI in its "Colleges Worth Your Investment."

Affordable Colleges Online derives its ranking from a three-tiered calculation: estimated 30-year earnings of graduates minus both projected earnings without a degree and four years of tuition and fees.

The earnings potential is especially important for many NYU-Poly graduates: About half of its students receive federal Pell Grants for low-income families, and 38 percent of incoming students report that they are the first in their families to attend college.

NYU-Poly President Katepalli Sreenivasan said, "We have long known that the profession of engineering can provide a path to the middle class and beyond for our students. While we believe that a stellar education is its own reward, we are proud to have this affirmation of the practical, economic value of an NYU-Poly degree."  

The Polytechnic Institute of New York University (formerly the Brooklyn Polytechnic Institute and the Polytechnic University, now widely known as NYU-Poly) is an affiliated institute of New York University, soon to be its School of Engineering. NYU-Poly, founded in 1854, is the nation's second-oldest private engineering school. It is presently a comprehensive school of education and research in engineering and applied sciences, rooted in a 159-year tradition of invention, innovation and entrepreneurship. It remains on the cutting edge of technology, innovatively extending the benefits of science, engineering, management and liberal studies to critical real-world opportunities and challenges, especially those linked to urban systems, health and wellness, and the global information economy. In addition to its programs on the main campus in New York City at MetroTech Center in downtown Brooklyn, it offers programs around the globe remotely through NYUe-Poly. NYU-Poly is closely connected to engineering in NYU Abu Dhabi and NYU Shanghai and to the NYU Center for Urban Science and Progress (CUSP) also at MetroTech, while operating two incubators in downtown Manhattan and Brooklyn. For more information, visit www.poly.edu.

SOURCE Polytechnic Institute of New York University

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