College ROI

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Converse University

Spartanburg, SC 1,173 Undergrads 59.1% Grad Rate
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Total Cost
$38,838
Sticker Price
Avg Net Price
$23,283
After Aid
Median Earnings
$44,925
4yr Post-Grad

Vs. Peer Institutions

Net Price$23,283
Peer Midpoint: $20,081
Earnings (4yr Post-Grad)Completers only after graduation
$44,925
Peer Midpoint: $60,428
Earnings (10yr Post-Enroll)All enrolled after enrollment
$40,867
Peer Midpoint: $53,763
Graduation Rate59.1%
Peer Midpoint: 58.9%
Average Starting Age21.0
Socio-Economic Diversity
Pell Grant Recipients40.2%
Enrollment Status
Full-Time97.3%
Economic Outcomes
Earn More than HS57.3%

Admissions Profile

Acceptance
67.7%
SAT Avg
1,138
SAT Reading
25th: 510-75th: 630
SAT Math
25th: 500-75th: 620
ACT Composite
25th: 19-75th: 26

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
+$411k
-$56k
-$74k
Median Cost$23k/yr
+$327k
-$140k
-$157k
Full Cost$39k/yr
+$271k
-$196k
-$213k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
Never
-∞
Median Cost$23k/yr
Never
-188%
Full Cost$39k/yr
Never
-153%
Analysis Assumptions:
  • Starting Salary: Estimated from the 4-year post-graduation median earnings (assuming 2% annual growth from graduation).
  • 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 Return-177%

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-102%
Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator, or for more sophisticated analysis, the Guided ROI Interview, with your specific estimates of cost and salary.

Program ROI Analysis

Bachelor's Degrees

Median Debt
-
Earnings (4yr)
-
Natl Median: $76,194
Lifetime Value Added
N/A
Arts, Entertainment, and Media Management
BachCIP: 5010
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,240
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,466
Lifetime Value Added
N/A
Biology, General
BachCIP: 2601
Median Debt
-
Earnings (4yr)
-
Natl Median: $57,214
Lifetime Value Added
N/A
Median Debt
$23,250
Earnings (4yr)
$55,503
Natl Median: $68,257
Lifetime Value Added
-$69k
Chemistry
BachCIP: 4005
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,120
Lifetime Value Added
N/A
Median Debt
-
Earnings (2yr)
$30,409
Natl Median: $51,490
Lifetime Value Added
-$272k
Median Debt
-
Earnings (4yr)
-
Natl Median: $39,775
Lifetime Value Added
N/A
Economics
BachCIP: 4506
Median Debt
-
Earnings (4yr)
-
Natl Median: $82,686
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,590
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $41,367
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,459
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $58,716
Lifetime Value Added
N/A
History
BachCIP: 5401
Median Debt
-
Earnings (4yr)
-
Natl Median: $50,680
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,568
Lifetime Value Added
N/A
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
Philosophy
BachCIP: 3801
Median Debt
-
Earnings (4yr)
-
Natl Median: $54,455
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $63,293
Lifetime Value Added
N/A
Psychology, General
BachCIP: 4201
Median Debt
$27,000
Earnings (4yr)
$44,498
Natl Median: $50,706
Lifetime Value Added
-$161k
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,792
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $41,390
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,471
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,000
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $50,499
Lifetime Value Added
N/A
Median Debt
$26,799
Earnings (4yr)
-
Natl Median: $47,382
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $51,389
Lifetime Value Added
N/A

Master's Degrees

Education, General
MastCIP: 1301
Median Debt
$23,749
Earnings (4yr)
-
Natl Median: $65,824
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
$57,212
Natl Median: $71,685
Lifetime Value Added
-$181k
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,512
Lifetime Value Added
N/A
History
MastCIP: 5401
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,360
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
$40,250
Natl Median: $59,571
Lifetime Value Added
-$345k
Music
MastCIP: 5009
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,285
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,035
Lifetime Value Added
N/A
Median Debt
-
Earnings (2yr)
$39,009
Natl Median: $64,397
Lifetime Value Added
-$342k
Median Debt
$35,076
Earnings (4yr)
$47,686
Natl Median: $59,916
Lifetime Value Added
-$272k
Median Debt
-
Earnings (4yr)
-
Natl Median: $63,707
Lifetime Value Added
N/A

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.