For high school graduates, choosing the right college can be one of the most important decisions in their lives. The college experience can be a key step to figuring out who they are as adults and what they will do with the rest of their lives, but it can also be a daunting decision.
Enrolling in a private college is a financial investment, as well as an emotional one. American private colleges can be among the most expensive higher learning institutions in the world. However, according to a 2025 analysis from CollegeBoard, private school tuition costs are increasing more slowly than their public counterparts, up by just 4% over the past decade. In fact, public universities may soon see an even steeper jump in tuition, as President Donald Trump's 2025 spending bill (aka the "Big, Beautiful Bill") is expected to both increase tuition costs at public universities and cut back on federal student loan programs.
Even so, these prices are nothing to sneeze at. Per U.S. News & World Report, the average total for tuition and fees at private universities in the 2024-2025 school year exceeds $43,000. But many universities are much more expensive. Harvey Mudd College, for example, costs more than $93,000, according to the college's own website. With nationwide student debt swelling past $1.8 trillion as of September 2025, making such a large investment in education and the future can be a reach for many students, so it's important to make sure they're getting their money's worth.
Stacker compiled a list of the 25 private colleges with the best return on investment using a study from Georgetown University's Center on Education and the Workforce. Nonprofit private colleges that primarily issue bachelor's degrees were considered. Colleges are ranked by the highest 40-year return on investment, as measured by the net present value of costs plus projected earnings 40 years after enrollment.
A college's ROI factors in tuition and living expenses, student fees, food, and transportation, among other things. These elements are matched up against prospective careers, salary expectations, and potential earnings.
Here's a breakdown of some of the key factors that went into the researchers' calculations.
- 40-year NPV: What the sum of all earnings 40 years after enrollment is worth today, adjusted for the cost of education at the school.
- Median earnings after 10 years: Typical annual salary 10 years after enrollment.
- Net price: The average price students pay per year after scholarships and financial aid, including books and living expenses.
- Graduation rate: Share of students who complete bachelor's degrees within six years.
- Median debt: The typical amount of student debt graduates from this school hold.
Whether you're considering any of the private colleges on this list or you graduated from college many decades ago, keep reading to discover the 25 private colleges in America with the best return on investment.
