At $11,466/yr net price, Midwestern Career College graduates earn $36,432/yr within 10 years of enrollment, which is $2,432/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $11,466 |
| Estimated 4-Year Cost | $45,864 |
| Median Earnings (10yr post-entry) | $36,432/yr |
| Earnings Premium vs. HS Diploma | +$2,432/yr |
| Estimated Break-Even | 18.9 years |
| Graduation Rate (6-year) | 63.1% |
| Median Debt at Graduation | $7,521 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $11,011/yr |
| $30,001 - $48,000 | $12,453/yr |
| $75,001 - $110,000 | $13,901/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Allied Health Diagnostic, Intervention, and Treatment Professions. | Certificate | $38,289 | $13,063 |
| Clinical/Medical Laboratory Science/Research and Allied Professions. | Certificate | $29,141 | $7,125 |
| Allied Health and Medical Assisting Services. | Certificate | $19,319 | $7,521 |
The Risk Factor
63.1% of students at Midwestern Career College graduate within 6 years. A significant share of students finish, but roughly 37% do not complete their degree.
Analysis
Midwestern Career College delivers modest returns that vary dramatically by program choice. Your career path determines whether this investment pays off or leaves you financially strained.
Allied Health Diagnostic programs offer the strongest financial outcome at this school, with graduates earning $38,289 annually. Clinical Laboratory Science provides middle-ground returns at $29,141, while Medical Assisting Services graduates face challenging economics with earnings of just $19,319 against similar debt loads.
The school's 63% graduation rate creates significant risk. More than one in three students leave without completing their program, often carrying debt with no credential to show for it. This completion rate sits below national averages for career colleges.
You face lower debt burdens here compared to many for-profit institutions. Most graduates carry under $8,000 in loans, making monthly payments manageable even for lower-earning programs. This debt level gives Medical Assisting graduates a chance to break even despite modest salaries.
This school works best if you target diagnostic health programs and have strong study habits to ensure completion. The Chicago job market supports these healthcare roles with steady demand. Avoid this school if you struggle with structured learning environments or cannot commit fully to program completion.
Nearly 40% of students receive financial aid, suggesting merit opportunities exist for qualified applicants. The relatively low net price makes this accessible for students seeking quick entry into healthcare without accumulating massive debt. However, earnings potential remains limited compared to four-year alternatives, making this primarily suitable for career changers seeking immediate workforce entry rather than long-term income growth.
Frequently Asked Questions
Is Midwestern Career College worth the money?
With graduates earning $36,432 after 10 years and relatively low debt of $7,521, Midwestern Career College offers decent value for a career-focused program. The return depends heavily on which program you choose, as earnings vary significantly between fields.
Do Midwestern Career College graduates make good money?
Midwestern Career College graduates in Allied Health Diagnostic programs earn around $38,289, which is reasonable for the field. However, graduates in Medical Assisting Services only make about $19,319, which may not justify even the low tuition costs.
What is the graduation rate at Midwestern Career College?
Midwestern Career College has a 63% graduation rate, which is below average for most colleges. This means more than one in three students who start the program don't finish.
How much debt do Midwestern Career College students have?
The median debt for Midwestern Career College graduates is $7,521, which is relatively manageable compared to many schools. Most graduates can reasonably pay this back given their starting salaries, especially in higher-paying health programs.