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W&M ranked in top 10 public universities that ‘pay off the most’ in U.S.

William & Mary is among the top public universities in the nation that give students the greatest return on investment, according to a new from CNBC Make It.

The Alma Mater of the Nation is the highest-ranked Virginia public university on its list of top 50 U.S. Colleges that Pay Off the Most in 2020. According to a , the list includes schools that provide graduates "the highest salaries for their tuition dollars.”

The top 50 is divided into two groups: private and public institutions. W&M is ranked ninth overall on the list of top public schools across the country. The University of Virginia was also included in the list at 24th overall. Washington & Lee ranked  13th on list of top private colleges and universities. Tuition-free institutions, including military academies, were excluded from the list.

The ranking is based on the average net cost of each school for American students — including tuition, fees, books, supplies and scholarships — divided by the average earnings of alumni 10 years after graduation. CNBC Make It used data from The Hechinger Report’s Tuition Tracker and PayScale’s College Salary Report.

According to the ranking, the average annual net cost for in-state students with household incomes of $48,001-$75,000 at W&M is $12,794, and the median salary for alumni 10 years out is $108,900.

Stanford University is the top private institution in the CNBC Make It report, and the University of Washington-Bothell tops the list of public universities.