At $529/yr net price, Keweenaw Bay Ojibwa Community College graduates earn $22,340/yr within 10 years of enrollment.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $529 |
| Estimated 4-Year Cost | $2,116 |
| Median Earnings (10yr post-entry) | $22,340/yr |
| Earnings Premium vs. HS Diploma | $-11,660/yr |
| Graduation Rate (6-year) | 9.1% |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $223/yr |
| $30,001 - $48,000 | $834/yr |
The Risk Factor
9.1% of students at Keweenaw Bay Ojibwa Community 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
Keweenaw Bay Ojibwa Community College offers an extremely low-cost education at $529 per year, but the financial returns are concerning. With median earnings of $22,340 ten years after enrollment and a graduation rate below 10%, the school presents significant financial risks despite its affordable tuition.
The low graduation rate indicates most students will not complete their programs, making any investment questionable regardless of cost. Those who do graduate face limited earning potential in the rural Upper Peninsula job market, where opportunities for career advancement remain scarce.
This school works financially if you need very low-cost training for local employment and have realistic expectations about earnings potential. The minimal tuition means you avoid substantial debt, which matters when post-graduation salaries hover around $22,000. However, you should have backup plans since completion rates suggest many students struggle to finish their programs.
Avoid this school if you need credentials that transfer easily to four-year institutions or if you expect college to significantly boost your earning power. The combination of low completion rates and modest post-graduation earnings creates poor ROI conditions for most career goals.
With over half of students receiving financial aid, the school may offer additional support that further reduces your out-of-pocket costs. However, the fundamental challenge remains that low graduation rates undermine any potential return on investment, even at these minimal price points.
Frequently Asked Questions
Is Keweenaw Bay Ojibwa Community College worth the cost?
With a net price of just $529 per year, Keweenaw Bay Ojibwa Community College is extremely affordable. However, the 9% graduation rate is concerning and may indicate completion challenges that could affect your return on investment.
What are graduates from Keweenaw Bay Ojibwa Community College earning after 10 years?
Graduates earn around $22,340 annually 10 years after enrollment, which is below average for college graduates. The low cost helps offset modest earnings, but career advancement may be limited.
What is the graduation rate at Keweenaw Bay Ojibwa Community College?
Only 9% of students graduate, which is very low even for community colleges. This suggests many students leave without completing their programs, making the investment risky despite low costs.
Should I worry about debt at Keweenaw Bay Ojibwa Community College?
Student debt risk is minimal given the $529 annual net price. The bigger concern is whether you'll actually complete your program and gain marketable skills given the low graduation rate.