Best Debt Companys

166 Companies 2,736 Real Customer Reviews

SoFi Creates the First Ever Return on Education (ROEd) MBA rankings

Posted By:  |  November 17, 2015  |  0 Comment(s)

It is a widely accepted belief that some of the most well known Universities, including those in the Ivy League sector, are ones guaranteeing a top-notch salary after graduation; however, in a ground breaking effort to get our nation up to par on where student debt lies with individuals holding MBA’s, SoFi has created the first ever Return on Education (ROEd) MBA rankings.

In an easy to digest infographic, SoFi breaks down which Universities offer MBA programs with the highest salary to the worst salary-to-debt ratio. The results are based on a 21-month period of 240,000 student loan refinancing applications and can be represented as the “most objective, factually accurate and defensible data that can’t be found or replicated anywhere else,” as stated by SoFi.

SoFi Reviews

The University rendering the highest salary rate is Columbia University with the average salary base at $183,472, although they are ranked number eight according to US News due to the 1.5 times salary-to-debt ratio with graduates accumulating an average debt of $121,213. Ranked at number one is Sanford University. The average salary is slightly lower than Columbia at $177,590, with graduates having to pay back an average of $76,987.

MBA schools on the list for the best salary-to-debt ratio include New York Institute of Technology where graduates earn an average salary of $126,068 but only accumulate an average of $50,308 during the course of their program. The University of Kansas comes in at number 10 on this list with graduates holding an average debt of $46,245, but earning an average of $97,086 – meaning they earn 2.1 times their debt amount.

Claremont Graduate University ranks in as the worst school for salary-to-debt ratio within their MBA programs. Graduates earn an average salary of $93,666 but have an astonishing payback amount higher than the earned salary at $95,625. The well known Kaplan University is also among the worst schools where the average salary is lower than the average outstanding student debt, ranking in at number 8. Graduates earn an average of $65,201, yet accumulate an average debt of $91,429.

This colorful infographic provides insight to students considering graduate school and answers some questions on whether or not they are prepared to take on the debt associated with MBA programs at their University of choice.

Be sure to check out our top recommended student debt companies.

Poll

  • How important is it to you for a debt consolidation company to offer financial education resources?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

Recently Reviewed:

Trending Blog Post:

Want us to review a company?

If there is a debt company that you don't see on our site, and would like us to review, please contact us.

Real Reviews (yes they’re real)

With so many debt relief companies out there, and a lack of sites willing to bring you the HONEST breakdowns of each company, what source can you turn to for the real information you can trust?

We are dedicated to bringing the truth out, and rank debt relief companies as they should be. Through our investigation, and experience with each company, we rank each company, and bring you our honest, unbiased opinion. We also include authentic user reviews by past customers of each company that are moderated and verified.

Like many sites, we are compensated through affiliate relationships with each company we review, however all of our rankings are based on our 11-Point Ranking Criteria.

All reviews are subject to moderation and approval. Any reviews that may resemble false information, or competitors of another company will need to be verified by our staff before being approved and published. We reserve the right to approve or deny any reviews left on this site.