College ROI

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History.

Doctoral Degree148 Institutions

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.

Annual Full Cost vs. Median Earnings

Each dot represents one program at an institution. Shows the spread of annual sticker price (or net price if sticker price is unavailable) vs earnings 4 years post-grad.

Field Median ($57,860)
P25-P75 Interval ($48,823 - $73,942)
HS Baseline ($35,872)
Breakeven Line (0% ROI)
Institution
State
Earnings
Avg Net PriceMedian Debt
Lifetime Value Added
Los Angeles
CA
$94,132
Nat: $70,550
4yr Post-Grad
$12,548
/yr
-
+$6k
Princeton
NJ
$90,535
Nat: $70,550
4yr Post-Grad
$6,128
/yr
-
+$2k
Tuscaloosa
AL
-
Nat: $70,550
$22,420
/yr
-
-$0
Auburn
AL
-
Nat: $70,550
$24,323
/yr
-
-$0
Tempe
AZ
-
Nat: $70,550
$14,967
/yr
-
-$0
Fayetteville
AR
-
Nat: $70,550
$18,209
/yr
-
-$0
Davis
CA
-
Nat: $70,550
$14,741
/yr
-
-$0
Irvine
CA
-
Nat: $70,550
$14,251
/yr
-
-$0
San Francisco
CA
-
Nat: $70,550
-
/yr
-
-$0
Santa Barbara
CA
-
Nat: $70,550
$16,109
/yr
-
-$0
Santa Cruz
CA
-
Nat: $70,550
$17,890
/yr
-
-$0
Claremont
CA
-
Nat: $70,550
-
/yr
-
-$0
Los Angeles
CA
-
Nat: $70,550
$32,740
/yr
-
-$0
Boulder
CO
-
Nat: $70,550
$25,346
/yr
-
-$0
Storrs
CT
-
Nat: $70,550
$25,097
/yr
-
-$0
Newark
DE
-
Nat: $70,550
$17,799
/yr
-
-$0
Washington
DC
-
Nat: $70,550
$41,943
/yr
-
-$0
Washington
DC
-
Nat: $70,550
$29,561
/yr
-
-$0
Washington
DC
-
Nat: $70,550
$36,586
/yr
-
-$0
Washington
DC
-
Nat: $70,550
$40,815
/yr
-
-$0
Washington
DC
-
Nat: $70,550
$50,539
/yr
-
-$0
Miami
FL
-
Nat: $70,550
$9,288
/yr
-
-$0
Tallahassee
FL
-
Nat: $70,550
$11,297
/yr
-
-$0
Gainesville
FL
-
Nat: $70,550
$6,541
/yr
-
-$0
Coral Gables
FL
-
Nat: $70,550
$37,244
/yr
-
-$0
Tampa
FL
-
Nat: $70,550
$9,812
/yr
-
-$0
Atlanta
GA
-
Nat: $70,550
$22,585
/yr
-
-$0
Atlanta
GA
-
Nat: $70,550
$12,116
/yr
-
-$0
Atlanta
GA
-
Nat: $70,550
$15,931
/yr
-
-$0
Athens
GA
-
Nat: $70,550
$13,936
/yr
-
-$0
Honolulu
HI
-
Nat: $70,550
$15,664
/yr
-
-$0
Moscow
ID
-
Nat: $70,550
$14,831
/yr
-
-$0
Chicago
IL
-
Nat: $70,550
$10,974
/yr
-
-$0
Champaign
IL
-
Nat: $70,550
$14,355
/yr
-
-$0
Chicago
IL
-
Nat: $70,550
$36,079
/yr
-
-$0
Dekalb
IL
-
Nat: $70,550
$13,391
/yr
-
-$0
Carbondale
IL
-
Nat: $70,550
$13,297
/yr
-
-$0
Notre Dame
IN
-
Nat: $70,550
$26,780
/yr
-
-$0
Ames
IA
-
Nat: $70,550
$18,589
/yr
-
-$0
Iowa City
IA
-
Nat: $70,550
$22,531
/yr
-
-$0
Lawrence
KS
-
Nat: $70,550
$18,059
/yr
-
-$0
Manhattan
KS
-
Nat: $70,550
$19,406
/yr
-
-$0
Baton Rouge
LA
-
Nat: $70,550
$19,151
/yr
-
-$0
New Orleans
LA
-
Nat: $70,550
$39,949
/yr
-
-$0
Baltimore
MD
-
Nat: $70,550
$18,809
/yr
-
-$0
College Park
MD
-
Nat: $70,550
$15,678
/yr
-
-$0
Baltimore
MD
-
Nat: $70,550
$14,985
/yr
-
-$0
Chestnut Hill
MA
-
Nat: $70,550
$41,704
/yr
-
-$0
Boston
MA
-
Nat: $70,550
$24,402
/yr
-
-$0
Waltham
MA
-
Nat: $70,550
$35,736
/yr
-
-$0
Worcester
MA
-
Nat: $70,550
$28,714
/yr
-
-$0
Cambridge
MA
-
Nat: $70,550
$19,066
/yr
-
-$0
Amherst
MA
-
Nat: $70,550
$22,383
/yr
-
-$0
Boston
MA
-
Nat: $70,550
$30,915
/yr
-
-$0
Mount Pleasant
MI
-
Nat: $70,550
$17,597
/yr
-
-$0
Ann Arbor
MI
-
Nat: $70,550
$13,138
/yr
-
-$0
East Lansing
MI
-
Nat: $70,550
$19,680
/yr
-
-$0
Detroit
MI
-
Nat: $70,550
$12,766
/yr
-
-$0
Kalamazoo
MI
-
Nat: $70,550
$15,273
/yr
-
-$0
Minneapolis
MN
-
Nat: $70,550
$16,778
/yr
-
-$0
University
MS
-
Nat: $70,550
$13,314
/yr
-
-$0
Mississippi State
MS
-
Nat: $70,550
$17,595
/yr
-
-$0
Hattiesburg
MS
-
Nat: $70,550
$21,708
/yr
-
-$0
Columbia
MO
-
Nat: $70,550
$20,268
/yr
-
-$0
Saint Louis
MO
-
Nat: $70,550
$24,398
/yr
-
-$0
The University of Montana
⚠️ Caution: This institution flagged for high risk factors (low completion/older demographics) that may artificially inflate its ROI.
Missoula
MT
-
Nat: $70,550
$16,784
/yr
-
-$0
Lincoln
NE
-
Nat: $70,550
$17,747
/yr
-
-$0
Reno
NV
-
Nat: $70,550
$15,927
/yr
-
-$0
Durham
NH
-
Nat: $70,550
$23,805
/yr
-
-$0
New Brunswick
NJ
-
Nat: $70,550
$24,406
/yr
-
-$0
Newark
NJ
-
Nat: $70,550
$19,703
/yr
-
-$0
New York
NY
-
Nat: $70,550
$21,590
/yr
-
-$0
Ithaca
NY
-
Nat: $70,550
$28,690
/yr
-
-$0
Bronx
NY
-
Nat: $70,550
$44,338
/yr
-
-$0
New York
NY
-
Nat: $70,550
$58,741
/yr
-
-$0
New York
NY
-
Nat: $70,550
$37,050
/yr
-
-$0
Rochester
NY
-
Nat: $70,550
$29,278
/yr
-
-$0
Queens
NY
-
Nat: $70,550
$29,999
/yr
-
-$0
Albany
NY
-
Nat: $70,550
$17,167
/yr
-
-$0
Buffalo
NY
-
Nat: $70,550
$20,995
/yr
-
-$0
Stony Brook
NY
-
Nat: $70,550
$18,784
/yr
-
-$0
Syracuse
NY
-
Nat: $70,550
$38,793
/yr
-
-$0
Durham
NC
-
Nat: $70,550
$29,612
/yr
-
-$0
Chapel Hill
NC
-
Nat: $70,550
$11,655
/yr
-
-$0
Greensboro
NC
-
Nat: $70,550
$10,965
/yr
-
-$0
Grand Forks
ND
-
Nat: $70,550
$18,551
/yr
-
-$0
Akron
OH
-
Nat: $70,550
$13,946
/yr
-
-$0
Cleveland
OH
-
Nat: $70,550
$41,190
/yr
-
-$0
Cincinnati
OH
-
Nat: $70,550
$25,648
/yr
-
-$0
Kent
OH
-
Nat: $70,550
$20,787
/yr
-
-$0
Athens
OH
-
Nat: $70,550
$21,637
/yr
-
-$0
Toledo
OH
-
Nat: $70,550
$17,249
/yr
-
-$0
Stillwater
OK
-
Nat: $70,550
$17,447
/yr
-
-$0
Norman
OK
-
Nat: $70,550
$15,300
/yr
-
-$0
Corvallis
OR
-
Nat: $70,550
$19,604
/yr
-
-$0
Eugene
OR
-
Nat: $70,550
$22,182
/yr
-
-$0
Pittsburgh
PA
-
Nat: $70,550
$31,944
/yr
-
-$0
University Park
PA
-
Nat: $70,550
$32,875
/yr
-
-$0
Pittsburgh
PA
-
Nat: $70,550
$30,434
/yr
-
-$0
Philadelphia
PA
-
Nat: $70,550
$28,198
/yr
-
-$0
Providence
RI
-
Nat: $70,550
$25,184
/yr
-
-$0
Columbia
SC
-
Nat: $70,550
$22,811
/yr
-
-$0
Memphis
TN
-
Nat: $70,550
$12,397
/yr
-
-$0
Murfreesboro
TN
-
Nat: $70,550
$13,359
/yr
-
-$0
Knoxville
TN
-
Nat: $70,550
$18,976
/yr
-
-$0
Nashville
TN
-
Nat: $70,550
$15,846
/yr
-
-$0
Waco
TX
-
Nat: $70,550
$41,104
/yr
-
-$0
Denton
TX
-
Nat: $70,550
$15,649
/yr
-
-$0
Houston
TX
-
Nat: $70,550
$13,370
/yr
-
-$0
Dallas
TX
-
Nat: $70,550
$40,892
/yr
-
-$0
College Station
TX
-
Nat: $70,550
$21,315
/yr
-
-$0
The University of Texas at Arlington
⚠️ Caution: This institution flagged for high risk factors (low completion/older demographics) that may artificially inflate its ROI.
Arlington
TX
-
Nat: $70,550
$13,951
/yr
-
-$0
El Paso
TX
-
Nat: $70,550
$9,403
/yr
-
-$0
Fort Worth
TX
-
Nat: $70,550
$36,660
/yr
-
-$0
Lubbock
TX
-
Nat: $70,550
$19,070
/yr
-
-$0
Williamsburg
VA
-
Nat: $70,550
$19,096
/yr
-
-$0
Fairfax
VA
-
Nat: $70,550
$17,915
/yr
-
-$0
Charlottesville
VA
-
Nat: $70,550
$21,565
/yr
-
-$0
Pullman
WA
-
Nat: $70,550
$14,971
/yr
-
-$0
Seattle
WA
-
Nat: $70,550
$14,091
/yr
-
-$0
Morgantown
WV
-
Nat: $70,550
$15,634
/yr
-
-$0
Milwaukee
WI
-
Nat: $70,550
$31,487
/yr
-
-$0
Milwaukee
WI
-
Nat: $70,550
$15,014
/yr
-
-$0
Inter American University of Puerto Rico-Metro
⚠️ Caution: This institution flagged for high risk factors (low completion/older demographics) that may artificially inflate its ROI.
San Juan
PR
-
Nat: $70,550
$9,788
/yr
-
-$0
San Juan
PR
-
Nat: $70,550
$9,175
/yr
-
-$0
Stanford
CA
-
Nat: $70,550
$13,807
/yr
-
-$0
West Lafayette
IN
-
Nat: $70,550
$14,600
/yr
-
-$0
Waterbury
CT
-
Nat: $70,550
$10,875
/yr
-
-$0
Groton
CT
-
Nat: $70,550
$13,807
/yr
-
-$0
Stamford
CT
-
Nat: $70,550
$16,798
/yr
-
-$0
Bend
OR
-
Nat: $70,550
$18,048
/yr
-
-$0
Merced
CA
-
Nat: $70,550
$11,983
/yr
-
-$0
Hartford
CT
-
Nat: $70,550
$16,403
/yr
-
-$0
La Jolla
CA
$79,871
Nat: $70,550
4yr Post-Grad
$12,470
/yr
-
-$100k
Madison
WI
$73,942
Nat: $70,550
4yr Post-Grad
$17,354
/yr
-
-$162k
Chicago
IL
$71,260
Nat: $70,550
4yr Post-Grad
$14,860
/yr
-
-$173k
Evanston
IL
$70,118
Nat: $70,550
4yr Post-Grad
$29,167
/yr
-
-$233k
CUNY Graduate School and University Center
⚠️ Caution: This institution flagged for high risk factors (low completion/older demographics) that may artificially inflate its ROI.
New York
NY
$53,775
Nat: $70,550
2yr Post-Grad
-
/yr
-
-$237k
Philadelphia
PA
$66,045
Nat: $70,550
2yr Post-Grad
$28,699
/yr
-
-$242k
Columbus
OH
$57,860
Nat: $70,550
2yr Post-Grad
$17,339
/yr
-
-$266k
Berkeley
CA
$55,964
Nat: $70,550
2yr Post-Grad
$13,481
/yr
-
-$268k
Bloomington
IN
$53,358
Nat: $70,550
2yr Post-Grad
$16,264
/yr
-
-$299k
Austin
TX
$51,273
Nat: $70,550
2yr Post-Grad
$19,857
/yr
-
-$330k
Albuquerque
NM
$48,823
Nat: $70,550
2yr Post-Grad
$15,489
/yr
-
-$335k
New Haven
CT
$42,682
Nat: $70,550
2yr Post-Grad
$23,777
/yr
-
-$417k
Houston
TX
$37,208
Nat: $70,550
2yr Post-Grad
$14,276
/yr
-
-$431k
Tucson
AZ
$36,131
Nat: $70,550
2yr Post-Grad
$16,674
/yr
-
-$449k
Riverside
CA
$30,771
Nat: $70,550
2yr Post-Grad
$14,304
/yr
-
-$488k
Analysis Notes:
  • Lifetime Value Added: Net Present Value (NPV) of estimated career earnings relative to a median bachelor's degree holder, accounting for this institution's average cost and taxes.
  • Avg Net Price: The average price paid by students who receive federal financial aid (grants/loans).Note: For graduate programs, the institution's average undergraduate net price is used as a proxy for annual cost, which may differ from actual graduate tuition and net price.
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.