At $15,709/yr net price, Mercy College of Ohio graduates earn $65,409/yr within 10 years of enrollment, which is $31,409/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $15,709 |
| Estimated 4-Year Cost | $62,836 |
| Median Earnings (10yr post-entry) | $65,409/yr |
| Earnings Premium vs. HS Diploma | +$31,409/yr |
| Estimated Break-Even | 2 years |
| Graduation Rate (6-year) | 44.6% |
| Median Debt at Graduation | $20,834 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $14,821/yr |
| $48,001 - $75,000 | $15,609/yr |
| $75,001 - $110,000 | $14,767/yr |
| $110,001+ | $17,382/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Bachelor | $60,585 | $23,500 |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Associate | $56,965 | $20,000 |
| Health Services/Allied Health/Health Sciences, General. | Bachelor | $50,439 | $26,559 |
| Health and Medical Administrative Services. | Bachelor | $43,426 | $25,000 |
The Risk Factor
44.6% of students at Mercy College of Ohio graduate within 6 years. More than half of students finish, but the dropout rate is a real factor in whether this investment pays off.
Analysis
Mercy College of Ohio delivers solid financial returns for healthcare-focused students, with median earnings of $65,409 after graduation and manageable debt levels around $20,834. The school's specialized nursing and health programs align well with Toledo's medical job market, creating clear pathways to stable employment.
Nursing programs provide the strongest ROI, with graduates earning $56,965 to $60,585 annually. These programs justify their costs through consistent demand in Ohio's healthcare sector. Health Services graduates earn $50,439, still offering positive returns given the relatively low debt burden. However, Health and Medical Administrative Services shows weaker returns at $43,426, making this track less financially attractive.
The 44.6% graduation rate presents the biggest financial risk. If you don't complete your degree, you'll carry debt without the credential needed for healthcare careers. The 85.7% retention rate suggests most students who struggle do so after the first year, often due to academic challenges in science-heavy coursework.
You're a good financial fit if you're committed to healthcare careers and can handle the academic demands. The specialized focus means limited backup options if you change majors. Students seeking broader liberal arts education or unsure about healthcare should look elsewhere.
With only 36.4% of students receiving aid, merit scholarships appear limited. Focus on federal aid and Ohio state grants to reduce costs. The relatively low net price of $15,709 makes this school accessible compared to other private colleges, but you'll need to graduate to realize the returns.
Frequently Asked Questions
Is Mercy College of Ohio worth the cost for nursing students?
For nursing students, Mercy College of Ohio offers decent value with registered nursing graduates earning around $60,585 annually and relatively low median debt of $20,834. The school specializes in health programs, which tend to have better job prospects than many other fields.
What is the ROI of Mercy College of Ohio compared to other schools?
Mercy College of Ohio graduates earn $65,409 ten years after enrollment, which is solid for a specialized health college. However, the 44.6% graduation rate is concerning and suggests many students don't complete their programs.
How much debt do Mercy College of Ohio graduates typically have?
Mercy College of Ohio graduates have a median debt of $20,834, which is manageable compared to national averages. The annual net price of $15,709 also keeps costs reasonable for students in health-focused programs.
Are non-nursing programs at Mercy College of Ohio worth it?
Health administration and general health sciences programs at Mercy College of Ohio lead to lower earnings ($43,426-$50,439) than nursing tracks. Students should carefully consider whether these programs justify the cost and time investment.