According to Forbes, North Carolina hosts three colleges and universities with the worst return on investment (ROI).

9. Fayetteville State University (out-of-state tuition)

Four-year cost as of 2012: $113,400
30-year ROI: -$82,600

11. Meredith College

Four-year cost as of 2012: $150,400
30-year ROI: -$66,200

13. Shaw University

Four-year cost as of 2012: $110,700
30-year ROI: -$56,500

17. Fayetteville State University (in-state tuition)

Four-year cost as of 2012: $62,480
30-year ROI: -$31,700