Means or even medians are probably not terribly useful (Stanford and Harvard should be crushing the stats just based on Google/Facebook/etc.). A school which has a lot of people who go into public service or other low compensation positions would also be unfairly penalized.
"Percentage of graduates who live the life they want after graduation" is probably the ideal metric, along with "net benefit to society".
On a pure ROI basis, it's obviously going to go to the service academies and maybe Olin/Cooper Union, too. Good incomes on zero cost.
But all of this also discounts the inputs; I'd consider a school which turns a bunch of otherwise-losers into median success citizens to be a success, while someplace which takes the children of Googlers and achieves the same result would be a horrible failure.
Yeah, I saw that :( And I think Olin may have changed their policy a few years ago (I'm not sure); seems to have tuition now, and a half scholarship for everyone.
I think the proper tuition is something where a student can work during the year and summers to pay for it and emerge with little or no debt, or choose to do non-work activities and have debt which could be repaid with 10-20% of reasonable income in 10 years. I'm not sure if half of inflated tuition covers that.
"Percentage of graduates who live the life they want after graduation" is probably the ideal metric, along with "net benefit to society".
On a pure ROI basis, it's obviously going to go to the service academies and maybe Olin/Cooper Union, too. Good incomes on zero cost.
But all of this also discounts the inputs; I'd consider a school which turns a bunch of otherwise-losers into median success citizens to be a success, while someplace which takes the children of Googlers and achieves the same result would be a horrible failure.
It's complex.