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10.8%Acceptance
$64,862Tuition
1,705Students
88%Grad Rate (6-yr)
$62,830Earnings
#1 in IowaPrivate nonprofit4-yearSAT/ACT Test OptionalLiberal ArtsNCAA Division IIIStudy AbroadData: 2023-24
Return on Investment: Strong

At $15,608/yr net price, Grinnell College graduates earn $62,830/yr within 10 years of enrollment, which is $28,830/yr above the median for high school graduates.

Cost vs. Outcomes

Return on investment data for Grinnell College
Metric Value
Average Net Price (per year) $15,608
Estimated 4-Year Cost $62,432
Median Earnings (10yr post-entry) $62,830/yr
Earnings Premium vs. HS Diploma +$28,830/yr
Estimated Break-Even 2.2 years
Graduation Rate (6-year) 87.5%
Median Debt at Graduation $17,500

What You'll Actually Pay

Average net price by family income

Net price by family income for Grinnell College
Family Income Estimated Net Price
$0 - $30,000 $6,739/yr
$30,001 - $48,000 $6,235/yr
$48,001 - $75,000 $6,220/yr
$75,001 - $110,000 $16,891/yr
$110,001+ $36,265/yr

Earnings by Major

Top programs ranked by median earnings

Earnings and debt by program at Grinnell College
Program Level Median Earnings Median Debt
Computer Science. Bachelor $91,744 $16,125
Economics. Bachelor $52,941 $16,500
Mathematics. Bachelor $39,369
Political Science and Government. Bachelor $34,704 $17,500
Sociology. Bachelor $33,993 $16,000
Biology, General. Bachelor $31,799 $17,500
History. Bachelor $29,685 $17,500
English Language and Literature, General. Bachelor $29,141 $17,582
Biochemistry, Biophysics and Molecular Biology. Bachelor $28,598 $16,549
Psychology, General. Bachelor $26,353

The Risk Factor

Completion Risk: Low Risk

87.5% of students at Grinnell College graduate within 6 years. Most students who start here finish their degree.

Analysis

Grinnell College delivers strong financial returns despite its rural Iowa location, with median earnings of $62,830 placing it well above most liberal arts colleges. Your net price of $15,608 creates an strong value proposition when you consider the 87.5% graduation rate and manageable $17,500 median debt load.

Computer science majors see the biggest payoff at $91,744 annually with just $16,125 in debt, making this program one of the best ROI options among small colleges nationwide. Economics graduates earn $52,941, providing solid returns for a liberal arts degree. However, you should think twice about sociology or political science at Grinnell unless you plan graduate school, as these majors produce earnings in the low $30,000s.

The biggest financial risk here is program selection. Grinnell's generous endowment keeps costs reasonable, but choosing the wrong major can leave you underearning relative to your debt. The school's remote location limits local internship opportunities, though its strong alumni network compensates somewhat.

Grinnell works best financially if you qualify for need-based aid or can afford the full cost without heavy borrowing. The college meets full demonstrated need, making it accessible for lower-income families while potentially expensive for middle-class families who don't qualify for significant aid. Merit scholarships are limited, so don't expect discounts based on test scores or grades alone.

Skip Grinnell if you need extensive merit aid opportunities or want immediate access to major job markets. Choose it if you value small class sizes and can target high-return majors like computer science or economics.

Frequently Asked Questions

Is Grinnell College worth the cost for the salary you'll earn?

Grinnell graduates earn $62,830 ten years after graduation, which is solid but not exceptional given the school's selectivity. The strong financial aid brings net costs down to around $15,600 annually, making the return reasonable for most students.

What are the best paying majors at Grinnell College?

Computer Science leads at $91,744 average salary, followed by Economics at $52,941. Liberal arts majors like Political Science ($34,704) and Sociology ($33,993) show much lower returns despite the same tuition cost.

How much debt do Grinnell College students graduate with?

The median debt is $17,500, which is manageable compared to many private colleges. Grinnell's generous financial aid keeps most students from taking on crushing debt loads.

Does Grinnell College provide good financial aid to make it affordable?

Yes, Grinnell's financial aid is strong, reducing the average net price to $15,608 per year from a much higher sticker price. The college has a large endowment that funds need-based aid well.