At $18,675/yr net price, Florida Memorial University graduates earn $36,624/yr within 10 years of enrollment, which is $2,624/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $18,675 |
| Estimated 4-Year Cost | $74,700 |
| Median Earnings (10yr post-entry) | $36,624/yr |
| Earnings Premium vs. HS Diploma | +$2,624/yr |
| Estimated Break-Even | 28.5 years |
| Graduation Rate (6-year) | 30.2% |
| Median Debt at Graduation | $30,063 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $17,963/yr |
| $30,001 - $48,000 | $18,120/yr |
| $48,001 - $75,000 | $20,200/yr |
| $75,001 - $110,000 | $21,406/yr |
| $110,001+ | $27,605/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Special Education and Teaching. | Master | $57,318 | |
| Teacher Education and Professional Development, Specific Levels and Methods. | Bachelor | $42,682 | |
| Criminal Justice and Corrections. | Bachelor | $29,250 | |
| Radio, Television, and Digital Communication. | Bachelor | $22,087 | |
| Psychology, General. | Bachelor | $16,478 | $31,000 |
The Risk Factor
30.2% of students at Florida Memorial University 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
Florida Memorial University delivers weak financial returns that make it a risky investment for most students. With median earnings of just $36,624 ten years after graduation and a graduation rate of only 30%, your chances of earning enough to justify the cost are poor.
Special Education stands out as the only program worth considering financially, with graduates earning $57,318 annually. Teacher Education also provides decent returns at $42,682. However, Criminal Justice graduates earn just $29,250, while Psychology majors face the worst outcome with median earnings of only $16,478 against $31,000 in debt.
The school's 57% retention rate signals that many students struggle to complete their programs, increasing your risk of accumulating debt without a degree. Two-thirds of students receive financial aid, but this heavy reliance on aid often masks affordability problems rather than solving them.
Florida Memorial works best for students committed to teaching careers who can benefit from the school's education programs and local job connections in South Florida schools. The university also serves students who prioritize the historically black college experience and have strong family or community ties to the institution.
You should look elsewhere if you're considering Criminal Justice, Psychology, or Communications programs where the earnings potential cannot support the debt load. Students without clear career goals face particular risk given the low graduation rates and poor overall earnings outcomes.
Frequently Asked Questions
Is Florida Memorial University worth the cost?
Florida Memorial University's ROI is concerning, with graduates earning a median of $36,624 ten years after enrollment while carrying $30,063 in debt. The 30% graduation rate means most students don't complete their degrees, making the investment particularly risky.
What are the best paying majors at Florida Memorial University?
Special Education graduates from Florida Memorial University earn the highest salaries at $57,318, followed by Teacher Education at $42,682. Most other programs lead to significantly lower earnings, with Psychology majors earning just $16,478.
How much debt do Florida Memorial University graduates have?
Florida Memorial University graduates carry a median debt of $30,063. With typical graduate earnings of $36,624, this debt burden represents nearly a full year's salary, creating financial strain for most graduates.
What is Florida Memorial University's graduation rate?
Only 30% of students who enter Florida Memorial University actually graduate. This low completion rate means 7 out of 10 students will leave without a degree, often while still carrying student loan debt.