22 Nov BSC earns high value ranking in two recent national studies
According to two recent national studies, graduates of Bismarck State College will earn more over their lifetimes and leave college with significantly less debt than students attending other North Dakota institutions.
The U.S. Department of Education’s College Scorecard report identifies BSC as the most affordable college in the state with graduates leaving with significantly less federal student loan debt than graduates of other colleges.
The typical debt for a BSC graduate is $10,500. Students attending the other top colleges (University of North Dakota, North Dakota State University and University of Mary) take on twice the federal loan debt ranging from $21,000 to $24,000.
Private lenders are not required to share student loan information with the U.S. Department of Education.
A second study by Georgetown’s Center on Education and the Workforce (CEW) used the College Scorecard study to rank colleges nationwide on their return on investment (ROI) for graduates.
In North Dakota, BSC ranks number one in Net Present Value (NPV) at every point measured – 10 years out, 15, 20, 30 and 40 years into the future. According to the CEW, NPV estimates future cash flows, both earnings and costs, adjusts them for inflation, and restates the net in today’s dollars.