College ROI

Smarter Choices, Brighter Futures
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Middlebury College

Middlebury, VT 2,738 Undergrads 92.6% Grad Rate
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Total Cost
$85,880
Sticker Price
Avg Net Price
$31,483
After Aid
Median Earnings
$71,188
4yr Post-Grad

Vs. Peer Institutions

Net Price$31,483
Peer Midpoint: $20,080.5
Earnings (4yr Post-Grad)$71,188
Peer Midpoint: $60,428
Graduation Rate92.6%
Peer Midpoint: 58.9%
Average Starting Age20.8
Socio-Economic Diversity
Pell Grant Recipients16.4%
Enrollment Status
Full-Time99.6%
Economic Outcomes
Earn More than HS79.7%

Admissions Profile

Acceptance
10.8%
SAT Avg
1,508
SAT Reading
25th: 72072075th: 760
SAT Math
25th: 72573575th: 790
ACT Composite
25th: 333375th: 35

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
+$623k
+$156k
+$139k
Median Cost$31k/yr
+$510k
+$43k
+$25k
Full Cost$86k/yr
+$314k
-$153k
-$171k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
30
Median Cost$31k/yr
51
22%
Full Cost$86k/yr
Never
-55%
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-13%

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-69%
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

Anthropology
BachCIP: 4502
Median Debt
-
Earnings (4yr)
-
Natl Median: $46,676
Lifetime Value Added
N/A
Architecture
BachCIP: 0402
Median Debt
-
Earnings (4yr)
-
Natl Median: $66,914
Lifetime Value Added
N/A
Area Studies
BachCIP: 0501
Median Debt
$11,593
Earnings (4yr)
$56,508
Natl Median: $56,625
Lifetime Value Added
-$90k
Biochemistry, Biophysics and Molecular Biology
BachCIP: 2602
Median Debt
$13,435
Earnings (4yr)
-
Natl Median: $65,466
Lifetime Value Added
N/A
Biology, General
BachCIP: 2601
Median Debt
$13,648
Earnings (4yr)
-
Natl Median: $57,214
Lifetime Value Added
N/A
Chemistry
BachCIP: 4005
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,120
Lifetime Value Added
N/A
Classics and Classical Languages, Literatures, and Linguistics
BachCIP: 1612
Median Debt
-
Earnings (4yr)
-
Natl Median: $49,429
Lifetime Value Added
N/A
Computer Science
BachCIP: 1107
Median Debt
$13,500
Earnings (4yr)
$128,471
Natl Median: $107,009
Lifetime Value Added
+$461k
Dance
BachCIP: 5003
Median Debt
-
Earnings (4yr)
-
Natl Median: $39,980
Lifetime Value Added
N/A
Drama/Theatre Arts and Stagecraft
BachCIP: 5005
Median Debt
-
Earnings (4yr)
-
Natl Median: $39,775
Lifetime Value Added
N/A
East Asian Languages, Literatures, and Linguistics
BachCIP: 1603
Median Debt
-
Earnings (4yr)
-
Natl Median: $51,642
Lifetime Value Added
N/A
Economics
BachCIP: 4506
Median Debt
$19,500
Earnings (4yr)
$123,477
Natl Median: $82,686
Lifetime Value Added
+$423k
English Language and Literature/Letters, Other
BachCIP: 2399
Median Debt
$19,092
Earnings (4yr)
$53,914
Natl Median: $46,634
Lifetime Value Added
-$112k
Ethnic, Cultural Minority, Gender, and Group Studies
BachCIP: 0502
Median Debt
-
Earnings (4yr)
-
Natl Median: $51,710
Lifetime Value Added
N/A
Film/Video and Photographic Arts
BachCIP: 5006
Median Debt
-
Earnings (4yr)
-
Natl Median: $43,765
Lifetime Value Added
N/A
Fine and Studio Arts
BachCIP: 5007
Median Debt
-
Earnings (2yr)
$29,639
Natl Median: $41,367
Lifetime Value Added
-$309k
Geography and Cartography
BachCIP: 4507
Median Debt
-
Earnings (2yr)
$33,446
Natl Median: $57,853
Lifetime Value Added
-$274k
Geological and Earth Sciences/Geosciences
BachCIP: 4006
Median Debt
-
Earnings (4yr)
-
Natl Median: $60,190
Lifetime Value Added
N/A
Germanic Languages, Literatures, and Linguistics
BachCIP: 1605
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,459
Lifetime Value Added
N/A
History
BachCIP: 5401
Median Debt
$23,000
Earnings (4yr)
-
Natl Median: $50,680
Lifetime Value Added
N/A
International Relations and National Security Studies
BachCIP: 4509
Median Debt
-
Earnings (4yr)
$92,728
Natl Median: $66,596
Lifetime Value Added
+$190k
Liberal Arts and Sciences, General Studies and Humanities
BachCIP: 2401
Median Debt
-
Earnings (4yr)
-
Natl Median: $53,072
Lifetime Value Added
N/A
Linguistic, Comparative, and Related Language Studies and Services
BachCIP: 1601
Median Debt
-
Earnings (4yr)
-
Natl Median: $49,984
Lifetime Value Added
N/A
Mathematics
BachCIP: 2701
Median Debt
-
Earnings (4yr)
-
Natl Median: $69,562
Lifetime Value Added
N/A
Natural Resources Conservation and Research
BachCIP: 0301
Median Debt
$13,000
Earnings (4yr)
$53,518
Natl Median: $55,012
Lifetime Value Added
-$115k
Neurobiology and Neurosciences
BachCIP: 2615
Median Debt
$11,900
Earnings (4yr)
$90,917
Natl Median: $62,451
Lifetime Value Added
+$176k
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
Political Science and Government
BachCIP: 4510
Median Debt
$18,297
Earnings (4yr)
$77,444
Natl Median: $63,293
Lifetime Value Added
+$73k
Psychology, General
BachCIP: 4201
Median Debt
$17,256
Earnings (5yr)
$71,410
Natl Median: $50,706
Lifetime Value Added
+$16k
Religion/Religious Studies
BachCIP: 3802
Median Debt
-
Earnings (4yr)
-
Natl Median: $41,390
Lifetime Value Added
N/A
Romance Languages, Literatures, and Linguistics
BachCIP: 1609
Median Debt
-
Earnings (2yr)
$38,289
Natl Median: $55,000
Lifetime Value Added
-$230k
Slavic, Baltic and Albanian Languages, Literatures, and Linguistics
BachCIP: 1604
Median Debt
-
Earnings (4yr)
-
Natl Median: $62,169
Lifetime Value Added
N/A
Sociology
BachCIP: 4511
Median Debt
-
Earnings (4yr)
$58,241
Natl Median: $52,657
Lifetime Value Added
-$76k
Teacher Education and Professional Development, Specific Levels and Methods
BachCIP: 1312
Median Debt
-
Earnings (4yr)
-
Natl Median: $47,382
Lifetime Value Added
N/A

Master's Degrees

Computer/Information Technology Administration and Management
MastCIP: 1110
Median Debt
$78,598
Earnings (4yr)
$128,688
Natl Median: $121,855
Lifetime Value Added
+$432k
East Asian Languages, Literatures, and Linguistics
MastCIP: 1603
Median Debt
-
Earnings (4yr)
-
Natl Median: $62,871
Lifetime Value Added
N/A
Education, Other
MastCIP: 1399
Median Debt
$66,117
Earnings (4yr)
$57,179
Natl Median: $65,348
Lifetime Value Added
-$197k
English Language and Literature, General
MastCIP: 2301
Median Debt
$16,042
Earnings (4yr)
$75,807
Natl Median: $55,512
Lifetime Value Added
-$30k
Germanic Languages, Literatures, and Linguistics
MastCIP: 1605
Median Debt
-
Earnings (4yr)
-
Natl Median: $49,357
Lifetime Value Added
N/A
International Business
MastCIP: 5211
Median Debt
-
Earnings (4yr)
$91,571
Natl Median: $97,121
Lifetime Value Added
+$109k
International Relations and National Security Studies
MastCIP: 4509
Median Debt
$74,123
Earnings (4yr)
$92,176
Natl Median: $95,627
Lifetime Value Added
+$114k
Linguistic, Comparative, and Related Language Studies and Services
MastCIP: 1601
Median Debt
$76,938
Earnings (4yr)
$95,625
Natl Median: $58,093
Lifetime Value Added
+$144k
Natural Resources Conservation and Research
MastCIP: 0301
Median Debt
$77,000
Earnings (4yr)
$72,805
Natl Median: $74,607
Lifetime Value Added
-$56k
Public Administration
MastCIP: 4404
Median Debt
$80,881
Earnings (4yr)
$89,916
Natl Median: $81,408
Lifetime Value Added
+$94k
Romance Languages, Literatures, and Linguistics
MastCIP: 1609
Median Debt
$17,995
Earnings (4yr)
$61,632
Natl Median: $60,728
Lifetime Value Added
-$155k
Slavic, Baltic and Albanian Languages, Literatures, and Linguistics
MastCIP: 1604
Median Debt
-
Earnings (4yr)
-
Natl Median: $59,877
Lifetime Value Added
N/A
Teacher Education and Professional Development, Specific Subject Areas
MastCIP: 1313
Median Debt
-
Earnings (4yr)
-
Natl Median: $63,707
Lifetime Value Added
N/A
Teaching English or French as a Second or Foreign Language
MastCIP: 1314
Median Debt
-
Earnings (4yr)
$56,529
Natl Median: $65,767
Lifetime Value Added
-$203k

Graduate Certificates

International Relations and National Security Studies
Gr-CertCIP: 4509
Median Debt
-
Earnings (4yr)
-
Natl Median: $77,457
Lifetime Value Added
N/A

Doctoral Degrees

Romance Languages, Literatures, and Linguistics
DocCIP: 1609
Median Debt
-
Earnings (4yr)
-
Natl Median: $69,860
Lifetime Value Added
N/A

Other Programs

Romance Languages, Literatures, and Linguistics
DegCIP: 1609
Median Debt
-
Earnings (4yr)
-
Natl Median: $61,216
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. 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.