How much is a college degree really worth? Payscale, an online compensation company, uses their methodology to calculate a school's return on investment (ROI). As it turns out, some college degrees appear not to be worth their price tag. Take a look at the 10 colleges with the worst ROI and you'll see why:

10. MEREDITH COLLEGE (Raleigh, N.C.)
2012 cost of a 4-year degree: $150,400
Annual ROI: -$66,200
30-year Net ROI: -1.8%

9. OZARK CHRISTIAN COLLEGE (Joplin, Mo.)
2012 cost of a 4-year degree: $78,530
Annual ROI: - $76,200
30-year Net ROI: -11.0%

8. FAYETTEVILLE STATE UNIVERSITY (Fayetteville, N.C.)
2012 cost of a 4-year degree: $113,400
Annual ROI: -$82,600
30-year Net ROI: -4.1%

7. HILBERT COLLEGE (Hamburg, N.Y.)
2012 cost of a 4-year degree: $116,000
Annual ROI: -$89,100
30-year Net ROI: -4.6%

6. SPRINGFIELD COLLEGE (Springfield, Mass.)
2012 cost of a 4-year degree: $174,700
Annual ROI: -$101,000
30-year Net ROI: -2.7%

5. FLORIDA MEMORIAL UNIVERSITY (Miami Gardens, Fla.)
2012 cost of a 4-year degree: $116,100
Annual ROI: -$114,000
30-year Net ROI: -12.0%

4. MILES COLLEGE (Fairfield, Ala.)
2012 cost of a 4-year degree: $92,280
Annual ROI: -$136,000
30-year Net ROI: < -12.3%

3. UNIVERSITY OF MAINE AT PRESQUE ISLE (Presque Isle, ME)
2012 cost of a 4-year degree: $79,330 in-state; $122,100 out-of-state
Annual ROI: -$124,000 in-state; -$167,000 out-of-state
30-year Net ROI: < -12.3%

2. VALLEY FORGE CHRISTIAN COLLEGE (Phoenixville, Penn.)
2012 cost of a 4-year degree: $114,100
Annual ROI: -$178,000
30-year Net ROI: < -12.3%

1. THE ART INSTITUTE OF PITTSBURGH (Pittsburgh, Penn.)
2012 cost of a 4-year degree: $155,200
Annual ROI: - $228,000
30-year Net ROI: < -12.3%

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