College ROI

Smarter Choices, Brighter Futures
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Morgan State University

Baltimore, MD 8,293 Undergrads 52.4% Grad Rate
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Total Cost
$24,778
Sticker Price
Avg Net Price
$15,015
After Aid
Median Earnings
$50,698
10yr Post-Entry

Vs. Peer Institutions

Net Price$15,015
Peer Midpoint: $19,729.5
Earnings (10yr)$50,698
Peer Midpoint: $53,747
Graduation Rate52.4%
Peer Midpoint: 58.5%
Socio-Economic Diversity
Pell Grant Recipients54.5%
Enrollment Status
Full-Time92.5%
Economic Outcomes
Earn More than HS64.1%

Admissions Profile

Acceptance
83.0%
SAT Avg
984
SAT Reading
25th: 41047075th: 530
SAT Math
25th: 45050075th: 550
ACT Composite
25th: 171875th: 21

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
+$443k
+$46k
-$41k
Median Cost$15k/yr
+$389k
-$8k
-$95k
Full Cost$25k/yr
+$354k
-$43k
-$131k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
Never
-∞
Median Cost$15k/yr
Never
-177%
Full Cost$25k/yr
Never
-146%
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 Return-160%

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-90%
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
$21,625
Earnings (5yr)
$67,616
Lifetime Value Added
+$47k
Architecture
BachCIP: 0402
Median Debt
$27,063
Earnings (5yr)
$62,170
Lifetime Value Added
+$5k
Biology, General
BachCIP: 2601
Median Debt
$27,000
Earnings (5yr)
$49,750
Lifetime Value Added
-$95k
Business Administration, Management and Operations
BachCIP: 5202
Median Debt
$28,973
Earnings (5yr)
$59,511
Lifetime Value Added
-$16k
Civil Engineering
BachCIP: 1408
Median Debt
$20,909
Earnings (5yr)
$73,164
Lifetime Value Added
+$89k
Computer and Information Sciences, General
BachCIP: 1101
Median Debt
-
Earnings (5yr)
$80,694
Lifetime Value Added
+$145k
Construction Management
BachCIP: 5220
Median Debt
$26,000
Earnings (2yr)
$63,005
Lifetime Value Added
+$41k
Electrical, Electronics and Communications Engineering
BachCIP: 1410
Median Debt
$28,544
Earnings (5yr)
$104,184
Lifetime Value Added
+$321k
English Language and Literature, General
BachCIP: 2301
Median Debt
-
Earnings (5yr)
$48,009
Lifetime Value Added
-$109k
Family and Consumer Sciences/Human Sciences, General
BachCIP: 1901
Median Debt
$30,750
Earnings (5yr)
$46,585
Lifetime Value Added
-$121k
Finance and Financial Management Services
BachCIP: 5208
Median Debt
$25,875
Earnings (5yr)
$67,828
Lifetime Value Added
+$49k
Fine and Studio Arts
BachCIP: 5007
Median Debt
$30,000
Earnings (5yr)
$43,015
Lifetime Value Added
-$151k
Foods, Nutrition, and Related Services
BachCIP: 1905
Median Debt
-
Earnings (2yr)
$29,685
Lifetime Value Added
-$249k
History
BachCIP: 5401
Median Debt
-
Earnings (2yr)
$22,771
Lifetime Value Added
-$312k
Hospitality Administration/Management
BachCIP: 5209
Median Debt
$29,625
Earnings (5yr)
$42,479
Lifetime Value Added
-$156k
Industrial Engineering
BachCIP: 1435
Median Debt
$27,500
Earnings (2yr)
$69,338
Lifetime Value Added
+$92k
Journalism
BachCIP: 0904
Median Debt
$28,750
Earnings (5yr)
$47,678
Lifetime Value Added
-$112k
Management Sciences and Quantitative Methods
BachCIP: 5213
Median Debt
-
Earnings (2yr)
$39,729
Lifetime Value Added
-$158k
Marketing
BachCIP: 5214
Median Debt
$27,000
Earnings (5yr)
$50,257
Lifetime Value Added
-$91k
Political Science and Government
BachCIP: 4510
Median Debt
$27,000
Earnings (2yr)
$35,060
Lifetime Value Added
-$200k
Psychology, General
BachCIP: 4201
Median Debt
$30,750
Earnings (5yr)
$56,570
Lifetime Value Added
-$40k
Public Relations, Advertising, and Applied Communication
BachCIP: 0909
Median Debt
$31,000
Earnings (5yr)
$44,139
Lifetime Value Added
-$142k
Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing
BachCIP: 5138
Median Debt
-
Earnings (5yr)
$95,640
Lifetime Value Added
+$257k
Social Work
BachCIP: 4407
Median Debt
$31,254
Earnings (5yr)
$53,559
Lifetime Value Added
-$64k
Sociology
BachCIP: 4511
Median Debt
$27,000
Earnings (5yr)
$48,735
Lifetime Value Added
-$103k
Teacher Education and Professional Development, Specific Subject Areas
BachCIP: 1313
Median Debt
$31,000
Earnings (5yr)
$50,801
Lifetime Value Added
-$86k

Master's Degrees

Business Administration, Management and Operations
MastCIP: 5202
Median Debt
$33,500
Earnings (5yr)
$76,160
Lifetime Value Added
+$207k
Engineering, General
MastCIP: 1401
Median Debt
-
Earnings (2yr)
$69,338
Lifetime Value Added
+$185k
Public Health
MastCIP: 5122
Median Debt
$41,000
Earnings (5yr)
$83,423
Lifetime Value Added
+$269k
Social Work
MastCIP: 4407
Median Debt
$41,000
Earnings (5yr)
$63,761
Lifetime Value Added
+$99k

Doctoral Degrees

Educational Administration and Supervision
DocCIP: 1304
Median Debt
$96,582
Earnings (5yr)
$94,554
Lifetime Value Added
+$202k
Social Work
DocCIP: 4407
Median Debt
-
Earnings (2yr)
$91,744
Lifetime Value Added
+$223k

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.