At $18,745/yr net price, Carolina College of Biblical Studies graduates earn $24,581/yr within 10 years of enrollment.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $18,745 |
| Estimated 4-Year Cost | $74,980 |
| Median Earnings (10yr post-entry) | $24,581/yr |
| Earnings Premium vs. HS Diploma | $-9,419/yr |
| Graduation Rate (6-year) | 22.2% |
| Median Debt at Graduation | $25,750 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $18,745/yr |
The Risk Factor
22.2% of students at Carolina College of Biblical Studies graduate within 6 years. Fewer than half of students complete their degree. If you don't graduate, the financial investment may not pay off.
Analysis
Carolina College of Biblical Studies presents a troubling financial picture with median graduate earnings of just $24,581 ten years after enrollment, barely above the poverty line for a family of four. Your annual net price of $18,745 means you'll likely earn less after graduation than what you pay each year to attend.
The numbers get worse when you consider the 22% graduation rate and zero percent retention rate, meaning most students leave without completing their degree while still carrying debt. If you do graduate, your median debt load of $25,750 will be difficult to service on the typical graduate salary.
This school functions more as a ministry training ground than a pathway to financial stability. Biblical studies and related programs dominate the curriculum, preparing graduates for pastoral roles, missionary work, and religious education positions that typically offer modest compensation. If your goal is financial return on investment, you should look elsewhere.
Carolina College works financially only if you view your education as preparation for religious service where salary is secondary to calling. The school may offer merit aid or need-based assistance given that 56% of students receive financial aid, but even free tuition wouldn't solve the fundamental earnings problem.
Consider this option only if you're committed to ministry work and have alternative income sources or family support. For anyone seeking career advancement or higher earnings potential, the combination of low graduation rates, minimal earnings growth, and significant debt risk makes this a poor financial choice.
Frequently Asked Questions
Is Carolina College of Biblical Studies worth the cost?
With graduates earning a median of $24,581 ten years after enrollment and a net price of $18,745 annually, the financial return is extremely poor. The low graduation rate of 22% means most students leave without completing their degree.
What is the average debt for Carolina College of Biblical Studies graduates?
Graduates carry a median debt of $25,750, which is problematic given the low earning potential of $24,581 annually. This debt-to-income ratio makes loan repayment challenging for most graduates.
Do Carolina College of Biblical Studies graduates find good jobs?
Graduate earnings of $24,581 per year are well below the national average and barely above minimum wage work. The biblical studies focus limits career options primarily to ministry positions, which typically offer modest compensation.
What is the graduation rate at Carolina College of Biblical Studies?
Only 22% of students graduate from Carolina College of Biblical Studies. This extremely low completion rate means most students leave with debt but no degree to show for their investment.