College ROI

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Morgan State University

Baltimore, MD 9,019 Undergrads 52.5% Grad Rate
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Total Cost
$27,114
Sticker Price
Avg Net Price
$14,653
After Aid
Median Earnings
$65,219
5yr Post-Grad

Vs. Peer Institutions

Net Price$14,653
Peer Midpoint: $19,969
Earnings (5yr Post-Grad)Completers only after graduation
$65,219
Peer Midpoint: $61,632
Earnings (10yr Post-Enroll)All enrolled after enrollment
$56,585
Peer Midpoint: $58,891
Graduation Rate52.5%
Peer Midpoint: 58.9%
Average starting age (2015-17)21.5
Socio-Economic Diversity
Pell Grant Recipients58.9%
Enrollment Status
Full-Time92.9%
Economic Outcomes
Earn More than HS65.7%

Admissions Profile

Acceptance
82.2%
SAT Avg
971
SAT Reading
25th: 40047075th: 520
SAT Math
25th: 44050075th: 550
ACT Composite
25th: 161875th: 21

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
+$570k
+$100k
+$84k
Median Cost$15k/yr
+$518k
+$47k
+$31k
Full Cost$27k/yr
+$473k
+$3k
-$14k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
34
∞
Median Cost$15k/yr
46
59%
Full Cost$27k/yr
Never
-14%
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 Return69%

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-35%

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

Median Debt
$24,000
Earnings (4yr)
$63,979
Natl Median: $76,194
Lifetime Value Added
+$31k
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Architecture
BachCIP: 0402
Median Debt
-
Earnings (4yr)
$59,586
Natl Median: $66,914
Lifetime Value Added
-$4k
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Biology, General
BachCIP: 2601
Median Debt
$27,628
Earnings (4yr)
$53,617
Natl Median: $57,214
Lifetime Value Added
-$53k
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Median Debt
$26,000
Earnings (4yr)
$61,527
Natl Median: $68,257
Lifetime Value Added
+$12k
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Civil Engineering
BachCIP: 1408
Median Debt
$26,000
Earnings (4yr)
$88,870
Natl Median: $86,517
Lifetime Value Added
+$223k
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Median Debt
-
Earnings (4yr)
-
Natl Median: $75,975
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $56,359
Lifetime Value Added
N/A
Median Debt
$25,732
Earnings (2yr)
$57,318
Natl Median: $83,041
Lifetime Value Added
-$4k
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Median Debt
$28,448
Earnings (4yr)
$80,260
Natl Median: $95,124
Lifetime Value Added
+$157k
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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
$28,500
Earnings (4yr)
$98,640
Natl Median: $100,647
Lifetime Value Added
+$297k
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Engineering Physics
BachCIP: 1412
Median Debt
-
Earnings (4yr)
-
Natl Median: $89,154
Lifetime Value Added
N/A
Median Debt
-
Earnings (5yr)
$61,317
Natl Median: $48,590
Lifetime Value Added
+$308
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Median Debt
-
Earnings (4yr)
-
Natl Median: $61,027
Lifetime Value Added
N/A
Median Debt
$27,000
Earnings (4yr)
$49,198
Natl Median: $48,460
Lifetime Value Added
-$90k
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Median Debt
-
Earnings (5yr)
$66,262
Natl Median: $83,343
Lifetime Value Added
+$39k
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Median Debt
-
Earnings (5yr)
$40,779
Natl Median: $41,367
Lifetime Value Added
-$169k
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Median Debt
$27,000
Earnings (4yr)
$64,007
Natl Median: $54,945
Lifetime Value Added
+$32k
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Median Debt
$28,500
Earnings (4yr)
-
Natl Median: $43,283
Lifetime Value Added
N/A
History
BachCIP: 5401
Median Debt
-
Earnings (2yr)
$22,771
Natl Median: $50,680
Lifetime Value Added
-$312k
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Median Debt
-
Earnings (4yr)
$46,441
Natl Median: $56,726
Lifetime Value Added
-$114k
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Median Debt
-
Earnings (4yr)
$81,416
Natl Median: $98,442
Lifetime Value Added
+$166k
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Median Debt
$24,500
Earnings (4yr)
$83,331
Natl Median: $85,294
Lifetime Value Added
+$181k
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Journalism
BachCIP: 0904
Median Debt
$25,405
Earnings (4yr)
$50,700
Natl Median: $56,278
Lifetime Value Added
-$78k
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Median Debt
$29,002
Earnings (4yr)
$58,788
Natl Median: $53,072
Lifetime Value Added
-$11k
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Median Debt
-
Earnings (5yr)
$73,661
Natl Median: $86,176
Lifetime Value Added
+$96k
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Marketing
BachCIP: 5214
Median Debt
$26,582
Earnings (4yr)
$56,767
Natl Median: $69,303
Lifetime Value Added
-$27k
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Mathematics
BachCIP: 2701
Median Debt
-
Earnings (4yr)
-
Natl Median: $69,562
Lifetime Value Added
N/A
Music
BachCIP: 5009
Median Debt
-
Earnings (4yr)
$34,725
Natl Median: $42,892
Lifetime Value Added
-$215k
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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
$27,000
Earnings (4yr)
$50,791
Natl Median: $63,293
Lifetime Value Added
-$77k
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Psychology, General
BachCIP: 4201
Median Debt
$25,500
Earnings (4yr)
$56,741
Natl Median: $50,706
Lifetime Value Added
-$27k
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Median Debt
$27,720
Earnings (4yr)
$55,169
Natl Median: $63,560
Lifetime Value Added
-$40k
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Median Debt
$26,134
Earnings (4yr)
$78,700
Natl Median: $88,910
Lifetime Value Added
+$145k
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Social Work
BachCIP: 4407
Median Debt
$24,000
Earnings (4yr)
$60,082
Natl Median: $51,790
Lifetime Value Added
+$42
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Sociology
BachCIP: 4511
Median Debt
$27,000
Earnings (4yr)
$52,116
Natl Median: $52,657
Lifetime Value Added
-$66k
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Median Debt
$25,000
Earnings (4yr)
$55,837
Natl Median: $47,382
Lifetime Value Added
-$35k
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Median Debt
-
Earnings (4yr)
$55,716
Natl Median: $51,389
Lifetime Value Added
-$36k
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Master's Degrees

Median Debt
-
Earnings (4yr)
-
Natl Median: $95,833
Lifetime Value Added
N/A
Architecture
MastCIP: 0402
Median Debt
-
Earnings (5yr)
$72,118
Natl Median: $74,139
Lifetime Value Added
-$43k
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Median Debt
-
Earnings (4yr)
-
Natl Median: $110,121
Lifetime Value Added
N/A
Median Debt
$36,646
Earnings (4yr)
$89,892
Natl Median: $103,485
Lifetime Value Added
+$126k
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Median Debt
-
Earnings (4yr)
-
Natl Median: $79,665
Lifetime Value Added
N/A
Economics
MastCIP: 4506
Median Debt
-
Earnings (4yr)
-
Natl Median: $100,743
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
$77,140
Natl Median: $71,685
Lifetime Value Added
+$14k
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Median Debt
-
Earnings (4yr)
-
Natl Median: $133,654
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
$101,719
Natl Median: $120,215
Lifetime Value Added
+$229k
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Median Debt
-
Earnings (4yr)
-
Natl Median: $62,705
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)
-
Natl Median: $74,856
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $95,627
Lifetime Value Added
N/A
Journalism
MastCIP: 0904
Median Debt
-
Earnings (4yr)
-
Natl Median: $69,034
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $70,306
Lifetime Value Added
N/A
Mathematics
MastCIP: 2701
Median Debt
-
Earnings (4yr)
-
Natl Median: $72,654
Lifetime Value Added
N/A
Music
MastCIP: 5009
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,285
Lifetime Value Added
N/A
Public Health
MastCIP: 5122
Median Debt
-
Earnings (4yr)
$75,793
Natl Median: $82,751
Lifetime Value Added
+$2k
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Median Debt
-
Earnings (4yr)
-
Natl Median: $120,193
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $63,216
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $88,131
Lifetime Value Added
N/A
Social Work
MastCIP: 4407
Median Debt
$41,000
Earnings (4yr)
$70,545
Natl Median: $65,123
Lifetime Value Added
-$44k
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Sociology
MastCIP: 4511
Median Debt
-
Earnings (4yr)
-
Natl Median: $63,330
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $59,916
Lifetime Value Added
N/A

Doctoral Degrees

Median Debt
-
Earnings (4yr)
-
Natl Median: $97,173
Lifetime Value Added
N/A
Median Debt
$80,000
Earnings (4yr)
$84,879
Natl Median: $100,573
Lifetime Value Added
-$70k
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Median Debt
-
Earnings (4yr)
-
Natl Median: $133,630
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,831
Lifetime Value Added
N/A
History
DocCIP: 5401
Median Debt
-
Earnings (4yr)
-
Natl Median: $70,550
Lifetime Value Added
N/A
Public Health
DocCIP: 5122
Median Debt
-
Earnings (4yr)
-
Natl Median: $108,962
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $103,410
Lifetime Value Added
N/A
Social Work
DocCIP: 4407
Median Debt
-
Earnings (2yr)
$91,744
Natl Median: $98,285
Lifetime Value Added
+$8k
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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.