Bachelor's Degree in Woodworking. — ROI at Rhode Island School of Design
RI · Based on U.S. Department of Education College Scorecard data
Financial Breakdown for Woodworking. at Rhode Island School of Design
Net Annual Cost
$78,857
After grants & scholarships
Median Earnings
$27,613
Median salary after graduation
Net Debt
$26,912
After personal savings applied
20-Year Net ROI Projection
Gross Earnings (20 years)
$27,613 × 20 years
+$552,260
Total 4-Year Cost
$78,857 × 4 years
−$315,428
Estimated Debt Payoff ⓘ Includes estimated interest over a standard 10-year repayment plan.
$26,912 principal × 1.35 (interest)
−$36,331
Baseline Opportunity Cost ⓘ The estimated earnings you would make with a high school diploma over 20 years ($42,000/yr), which you forfeit while studying.
$42,000 median no-degree salary × 20 years
−$840,000
20-Year Net ROI
-$639,499
Graduation Rate
89.8%
of students complete their degree
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How we calculate ROI
20-Year Net ROI = Gross Earnings − Total 4-Year Cost − Estimated Debt Payoff − Baseline Opportunity Cost
Baseline assumes $42,000/yr median earnings without a college degree. Debt payoff uses a 1.35× multiplier to account for interest over a standard repayment period.
Data sourced from the U.S. College Scorecard.