19. Shaw University (North Carolina
Not to be confused with Shaw Academy from Ireland, Shaw University has been around since the late 1800’s. Affectionately referred to as the “mother” of African-American colleges, this university was initially dubbed as a promising choice to get a tertiary qualification, but in recent years the return on investment calculation has made it somewhat less appealing.

Shaw University Raleigh, North Carolina
On average, tuition for a standard four-year degree will set students back roughly $118,000. Payscale’s research suggests that over the next two decades, this degree offers a return of investment of around -$93,600. High school graduates will have enough math experience to realize that this puts a damper on the idea of graduating from this historical university.
18. Paine College (Georgia)
Pain, indeed. A private Methodist college in Augusta, Georgia, things are looking dire for this university, not only from an ROI perspective but also because the Southern Association of Colleges and Schools has challenged the courts to assist with removing its regional accreditation following recent financial instability.

Paine College Augusta, Georgia
Latest figures suggest that students who fork out nearly $100k for four-year tuition at this institution nearly equal the loss value of their investment itself: return on investment is set at -$94,700. Worryingly, only a fifth of students actually ends up graduating, with the large minority “emerging anew” as the school motto suggests. Ouch.