That's a little higher than the national average of 83%. Most state schools are pretty great, but not Nevada State. First of all, its price is over market based on other universities in the state. Ads are what helps us bring you premium content! We're guessing that part of the reason the default rate is so high is because the graduation rate is 31.4%, according to the Department of Education. The few rankings that even broach the subject tend to be either mildly humorous attempts from a decade ago (“Worst Trust-Fund-Baby College”) or ones that turn upside-down a list that started out as another best colleges exercise. HBCUs do not fare well on this third ranking, accounting for twelve of the twenty colleges. Niche lists that 85% are employed two years after graduation. That's not really awful, but considering the graduation rate, it's certainly a gamble. Creating a list of the worst colleges also requires making judgments about the importance of different problems in higher education. Washington State University is a public school that is committed to research. There are fantastic colleges across the country, there are decent colleges across the country...and then there are these. Though one-fourth of the colleges in Ranking #1 are in Illinois, they also include colleges across the country, from California to Massachusetts and Florida to Washington. Of course, this is if you even get to graduate at all. Ranking #2 considers a college’s borrowing rate and gives it equal weight to the cohort default rate, median borrowing amount, and net price. zimbio.com. It has a graduation rate of 40.6%. They also have an average of $34,640 in loans. Post-graduation, the median average pay six years later is $33,200. Black Hills State University pretty expensive, costing in-state students $18,723 annually. We didn’t want to list the only university in the state as being utterly terrible when it wasn’t. Students attending Westwood College in the Chicago Loop borrow more money than students at Bacone College in Muskogee, Oklahoma ($12,900 versus $11,000), but are less likely to borrow, with a 75 percent borrowing rate at Westwood versus 92 percent at Bacone. If you manage to actually graduate and get a job, the six-year median salary is $34,500. Still, some have trouble, which causes a 14.5% default rate on loans despite 92% finding employment. This includes two public HBCUs, Central State University in Ohio and Mississippi Valley State University. That's well below Heritage's median salary. Unlike others on the list, the median starting salary is pretty high at $46,000—double that of total student loans. Things don't get much better following graduation. We do have to say that Herzing University-Madison has a decent graduation rate of 42.1%, with 10% graduating on time. Mayville State University is probably the best of the worst. It's less than the national average of 83%, but it isn't far off. It has a graduation rate of 20% as of 2018, according to the United States Department of Education. What we found is that, while good schools are basically all alike, every crappy school is crappy in its own way. Considering it's so hard to get in (with a 62% acceptance rate), it's strange students would leave so quickly. It has a 36.3% graduation rate with students walking out with a debt of $34,536. Of those people, around 11% graduate on time. Central State University has a graduation rate of 22%, but that’s not the worst part. For example, because many students attending Stratford University in Fairfax, Virginia (the sixth-worst school), attend part-time, only 9 percent of its students are included in the group used to calculate graduation rates. Ferrum College in Virginia (see “Held Accountable,” page 40) is the only institution not in either category. You'd hope they would make a good salary to pay those down, but the median six-year salary is just $29,800. To better understand the challenge the administration has taken on, and further the cause of helping students in dire need of good advice about where not to enroll, the Washington Monthly examined 1,700 four-year colleges and universities and used a different rankings methodology to identify the twenty worst colleges in America. The university has an 84.1% graduation rate, but only 4% of the students graduate on time.

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