College ROI

Smarter Choices, Brighter Futures
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Elon University

Elon, NC 6,402 Undergrads 82.5% Grad Rate
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Total Cost
$59,369
Sticker Price
Avg Net Price
$41,048
After Aid
Median Earnings
$74,545
10yr Post-Entry

Vs. Peer Institutions

Net Price$41,048
Peer Midpoint: $19,729.5
Earnings (10yr)$74,545
Peer Midpoint: $53,747
Graduation Rate82.5%
Peer Midpoint: 58.5%
Socio-Economic Diversity
Pell Grant Recipients9.4%
Enrollment Status
Full-Time97.6%
Economic Outcomes
Earn More than HS79.6%

Admissions Profile

Acceptance
67.3%
SAT Avg
1,222
SAT Reading
25th: 580-75th: 675
SAT Math
25th: 563-75th: 630
ACT Composite
25th: 23-75th: 28

ROI Sensitivity Analysis

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
+$626k
+$230k
+$142k
Median Cost$41k/yr
+$479k
+$82k
-$6k
Full Cost$59k/yr
+$413k
+$16k
-$72k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
30
Median Cost$41k/yr
Never
-4%
Full Cost$59k/yr
Never
-34%
Analysis Assumptions:
  • Starting Salary: Estimated from the 10-year 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 Return29%

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-54%
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 with your specific estimates of cost and salary.

Program ROI Analysis

Bachelor's Degrees

Accounting and Related Services
BachCIP: 5203
Median Debt
$20,000
Earnings (5yr)
$103,374
Lifetime Value Added
+$221k
Arts, Entertainment,and Media Management
BachCIP: 5010
Median Debt
$26,044
Earnings (2yr)
$29,685
Lifetime Value Added
-$343k
Biology, General
BachCIP: 2601
Median Debt
$23,125
Earnings (5yr)
$67,978
Lifetime Value Added
-$44k
Business, Management, Marketing, and Related Support Services, Other
BachCIP: 5299
Median Debt
$19,500
Earnings (5yr)
$84,875
Lifetime Value Added
+$83k
Communication and Media Studies
BachCIP: 0901
Median Debt
$21,999
Earnings (5yr)
$74,002
Lifetime Value Added
+$1k
Computer Programming
BachCIP: 1102
Median Debt
$19,500
Earnings (2yr)
$70,680
Lifetime Value Added
+$9k
Dance
BachCIP: 5003
Median Debt
-
Earnings (2yr)
$30,771
Lifetime Value Added
-$333k
Drama/Theatre Arts and Stagecraft
BachCIP: 5005
Median Debt
-
Earnings (5yr)
$43,297
Lifetime Value Added
-$242k
Economics
BachCIP: 4506
Median Debt
$19,500
Earnings (5yr)
$95,431
Lifetime Value Added
+$162k
English Language and Literature, General
BachCIP: 2301
Median Debt
-
Earnings (5yr)
$67,741
Lifetime Value Added
-$46k
Finance and Financial Management Services
BachCIP: 5208
Median Debt
$19,500
Earnings (5yr)
$106,904
Lifetime Value Added
+$247k
Health and Physical Education/Fitness
BachCIP: 3105
Median Debt
$22,750
Earnings (5yr)
$63,499
Lifetime Value Added
-$78k
History
BachCIP: 5401
Median Debt
-
Earnings (5yr)
$60,586
Lifetime Value Added
-$101k
International Relations and National Security Studies
BachCIP: 4509
Median Debt
-
Earnings (5yr)
$61,915
Lifetime Value Added
-$91k
Journalism
BachCIP: 0904
Median Debt
$18,000
Earnings (5yr)
$62,026
Lifetime Value Added
-$90k
Marketing
BachCIP: 5214
Median Debt
$20,500
Earnings (5yr)
$86,296
Lifetime Value Added
+$93k
Natural Resources Conservation and Research
BachCIP: 0301
Median Debt
-
Earnings (5yr)
$61,399
Lifetime Value Added
-$95k
Political Science and Government
BachCIP: 4510
Median Debt
$20,500
Earnings (5yr)
$70,667
Lifetime Value Added
-$24k
Psychology, General
BachCIP: 4201
Median Debt
$19,500
Earnings (5yr)
$58,985
Lifetime Value Added
-$114k
Public Health
BachCIP: 5122
Median Debt
$20,500
Earnings (5yr)
$66,896
Lifetime Value Added
-$52k
Romance Languages, Literatures, and Linguistics
BachCIP: 1609
Median Debt
-
Earnings (2yr)
$32,925
Lifetime Value Added
-$313k
Special Education and Teaching
BachCIP: 1310
Median Debt
-
Earnings (2yr)
$39,369
Lifetime Value Added
-$255k
Teacher Education and Professional Development, Specific Levels and Methods
BachCIP: 1312
Median Debt
$20,000
Earnings (5yr)
$48,252
Lifetime Value Added
-$201k
Visual and Performing Arts, Other
BachCIP: 5099
Median Debt
$24,526
Earnings (5yr)
$16,958
Lifetime Value Added
-$469k

Master's Degrees

Allied Health Diagnostic, Intervention, and Treatment Professions
MastCIP: 5109
Median Debt
$131,302
Earnings (5yr)
$130,327
Lifetime Value Added
+$623k
Business Administration, Management and Operations
MastCIP: 5202
Median Debt
$60,825
Earnings (5yr)
$95,371
Lifetime Value Added
+$324k
Radio, Television, and Digital Communication
MastCIP: 0907
Median Debt
$58,814
Earnings (5yr)
$79,285
Lifetime Value Added
+$186k

Professional Degrees

Law
ProfCIP: 2201
Median Debt
$119,023
Earnings (5yr)
$75,274
Lifetime Value Added
-$32k
Rehabilitation and Therapeutic Professions
ProfCIP: 5123
Median Debt
$148,375
Earnings (5yr)
$80,151
Lifetime Value Added
+$4k

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate, 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 degree decision moving forward. These Lifetime Value Added results should not be compared with those Undergraduate Certificates, Associates or Bachelors starting at age 18.