College ROI

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Bates College

Lewiston, ME 1,760 Undergrads 91.8% Grad Rate
Share
Total Cost
$87,520
Sticker Price
Avg Net Price
$27,390
After Aid
Median Earnings
$80,329
5yr Post-Grad

Vs. Peer Institutions

Net Price$27,390
Peer Midpoint: $19,969
Earnings (5yr Post-Grad)Completers only after graduation
$80,329
Peer Midpoint: $61,632
Earnings (10yr Post-Enroll)All enrolled after enrollment
$98,373
Peer Midpoint: $58,891
Graduation Rate91.8%
Peer Midpoint: 58.9%
Average Starting Age19.4
Socio-Economic Diversity
Pell Grant Recipients12.6%
Enrollment Status
Full-Time100.0%
Economic Outcomes
Earn More than HS78.9%

Admissions Profile

Acceptance
13.3%
SAT Avg
1,468
SAT Reading
25th: 710-75th: 750
SAT Math
25th: 710-75th: 780
ACT Composite
25th: 31-75th: 34

ROI Sensitivity Analysis
Assuming 4 Years to Graduation

This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.

Lifetime Value Added (NPV)

Institution Lifetime NPV
Vs Median Peer
Vs HS Grad
Zero Cost (Scholarship)$0
+$685k
+$215k
+$198k
Median Cost$27k/yr
+$586k
+$116k
+$100k
Full Cost$88k/yr
+$370k
-$100k
-$116k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
28
∞
Median Cost$27k/yr
38
101%
Full Cost$88k/yr
Never
-37%
Analysis Assumptions:
  • Starting Salary: Estimated from the median earnings five years after graduating, with four years of 2% raises taken out.
  • Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
  • Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
  • NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.

Social Impact ROINew

Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.

Donor Return20%

Gov. Pell Grant ROINew

Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.

Taxpayer Return-60%

Program ROI Analysis

These figures are medians for past graduates who received federal aid. Your cost and pay will differ. Run your own numbers in the Guided ROI Interview →

Bachelor's Degrees

Anthropology
BachCIP: 4502
Median Debt
-
Earnings (4yr)
-
Natl Median: $46,676
Lifetime Value Added
N/A
Area Studies
BachCIP: 0501
Median Debt
-
Earnings (4yr)
-
Natl Median: $56,625
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,466
Lifetime Value Added
N/A
Biology, General
BachCIP: 2601
Median Debt
$15,348
Earnings (4yr)
-
Natl Median: $57,214
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $50,477
Lifetime Value Added
N/A
Dance
BachCIP: 5003
Median Debt
-
Earnings (4yr)
-
Natl Median: $39,980
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $39,775
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $51,642
Lifetime Value Added
N/A
Economics
BachCIP: 4506
Median Debt
$13,861
Earnings (4yr)
$110,880
Natl Median: $82,686
Lifetime Value Added
+$345k
Median Debt
-
Earnings (4yr)
-
Natl Median: $89,359
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
$62,082
Natl Median: $48,590
Lifetime Value Added
-$30k
Median Debt
-
Earnings (4yr)
-
Natl Median: $51,710
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $41,367
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $60,190
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,459
Lifetime Value Added
N/A
History
BachCIP: 5401
Median Debt
-
Earnings (2yr)
$51,273
Natl Median: $50,680
Lifetime Value Added
-$101k
Mathematics
BachCIP: 2701
Median Debt
-
Earnings (4yr)
-
Natl Median: $69,562
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,693
Lifetime Value Added
N/A
Music
BachCIP: 5009
Median Debt
-
Earnings (4yr)
-
Natl Median: $42,892
Lifetime Value Added
N/A
Median Debt
-
Earnings (5yr)
$61,991
Natl Median: $55,012
Lifetime Value Added
-$40k
Median Debt
-
Earnings (4yr)
-
Natl Median: $62,451
Lifetime Value Added
N/A
Philosophy
BachCIP: 3801
Median Debt
-
Earnings (4yr)
-
Natl Median: $54,455
Lifetime Value Added
N/A
Physics
BachCIP: 4008
Median Debt
-
Earnings (4yr)
-
Natl Median: $76,786
Lifetime Value Added
N/A
Median Debt
$15,750
Earnings (4yr)
$80,714
Natl Median: $63,293
Lifetime Value Added
+$115k
Median Debt
-
Earnings (4yr)
-
Natl Median: $41,390
Lifetime Value Added
N/A
Median Debt
-
Earnings (5yr)
$64,886
Natl Median: $48,471
Lifetime Value Added
-$17k
Median Debt
-
Earnings (2yr)
$22,192
Natl Median: $55,000
Lifetime Value Added
-$363k
Sociology
BachCIP: 4511
Median Debt
-
Earnings (2yr)
$35,600
Natl Median: $52,657
Lifetime Value Added
-$241k

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate (for undergraduate programs) or a median bachelor's degree holder (for graduate programs), accounting for this institution's average cost and taxes. Computed over a career to retirement age.

For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate decision moving forward. Note that the institution's average undergraduate net price is used as a proxy for annual cost, which may differ from actual graduate tuition. These Lifetime Value Added results for graduate degrees should not be compared with those for Undergraduate Certificates, Associates or Bachelors.

Completers Only: Federal median earnings data strictly reflects outcomes for students who successfully graduated. Students who do not complete their degree typically earn significantly less and face higher risks of debt default.