At $18,700/yr net price, Great Lakes Christian College graduates earn $31,053/yr within 10 years of enrollment.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $18,700 |
| Estimated 4-Year Cost | $74,800 |
| Median Earnings (10yr post-entry) | $31,053/yr |
| Earnings Premium vs. HS Diploma | $-2,947/yr |
| Graduation Rate (6-year) | 25.9% |
| Median Debt at Graduation | $18,779 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $20,032/yr |
| $30,001 - $48,000 | $17,294/yr |
| $48,001 - $75,000 | $15,589/yr |
| $75,001 - $110,000 | $18,664/yr |
| $110,001+ | $25,214/yr |
The Risk Factor
25.9% of students at Great Lakes Christian College 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
Great Lakes Christian College presents a challenging financial picture with significant risks that outweigh potential returns for most students. The median earnings of $31,053 ten years after graduation barely justify the $18,700 annual net price, especially when combined with a concerning 25.9% graduation rate.
The retention rate of 39.5% signals serious academic or financial struggles that prevent most students from completing their second year. This creates substantial financial risk since you could accumulate debt without earning a degree. The relatively low median debt of $18,779 offers some protection, but only if you actually graduate.
Your program choice matters critically at GLCC. Ministry and theology programs align with the school's mission but typically lead to lower-paying careers that may struggle to support even modest student loan payments. Education programs might offer better job security in Michigan, though salaries remain moderate. Business programs could provide the strongest earning potential, but you should verify specific career services and employer connections.
This school works financially for students with strong family financial support who can minimize borrowing and have clear ministry career goals. You should avoid GLCC if you need substantial financial aid beyond the 62% of students who receive it, or if you're uncertain about your commitment to completing the degree.
The school's small size may limit financial aid resources and scholarship opportunities compared to larger institutions. Before enrolling, secure detailed information about specific aid packages and consider whether nearby community colleges or public universities might offer better value for your educational goals.
Frequently Asked Questions
Is Great Lakes Christian College worth the cost?
Great Lakes Christian College has concerning ROI metrics with graduates earning just $31,053 ten years after enrollment and only 26% of students completing their degrees. The low graduation rate suggests many students pay tuition without earning credentials that improve their earning potential.
How much debt do Great Lakes Christian College graduates have?
The median debt for Great Lakes Christian College graduates is $18,779, which is manageable compared to the annual net price of $18,700. However, with post-graduation earnings of only $31,053, debt payments could strain budgets for many graduates.
What is the graduation rate at Great Lakes Christian College?
Great Lakes Christian College has a 26% graduation rate, meaning three out of four students who enroll never finish their degree. This low completion rate represents a significant financial risk for prospective students.
Do Great Lakes Christian College graduates earn good salaries?
Great Lakes Christian College graduates earn $31,053 annually ten years after enrollment, which is below the national average for college graduates. This earning level may not justify the cost of attendance for students focused primarily on financial returns.