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Thanks to a new tool from the U.S. Department of Education, students considering Elmira College can easily see how EC provides a strong return on their investment.
The Department of Education’s earnings data shows that Elmira College graduates are among the highest earners compared to similar institutions in the Southern Tier region.
The median Elmira College graduate made $52,111 four years after graduation. Adjusted for inflation, this salary comes out to $61,867.
This was significantly higher than the median salary for a high school graduate and higher than most State Universities in the region, excluding SUNY Binghamton. It was also higher than Ithaca College, St. Bonaventure University, Houghton University, and Alfred University.
For years, the government has collected and made available information that shows the median amount graduates from a college earn four years after graduation. This information is benchmarked against the amount a person who graduates from high school makes in the same time period.
What’s new is that the Department of Education is now including this information as students file the Free Application for Federal Student Aid (FAFSA). Students will receive a list of the median earnings for each school they express an interest in attending. The Department of Education also flags if a school’s earnings fall below what the average high school graduate earns.
“Drawn from existing Department data, the new earnings indicator provides students and their families with clear, easy-to-understand information about a school’s post-graduation earnings,” said a statement from the Department of Education.