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$1,188Tuition
5,759Students
30%Grad Rate (6-yr)
$42,176Earnings
Public2-yearIndependentData: 2023-24
Return on Investment: Strong

At $13,498/yr net price, Monterey Peninsula College graduates earn $42,176/yr within 10 years of enrollment, which is $8,176/yr above the median for high school graduates.

Cost vs. Outcomes

Return on investment data for Monterey Peninsula College
Metric Value
Average Net Price (per year) $13,498
Estimated 4-Year Cost $53,992
Median Earnings (10yr post-entry) $42,176/yr
Earnings Premium vs. HS Diploma +$8,176/yr
Estimated Break-Even 6.6 years
Graduation Rate (6-year) 30.2%

What You'll Actually Pay

Average net price by family income

Net price by family income for Monterey Peninsula College
Family Income Estimated Net Price
$0 - $30,000 $12,241/yr
$30,001 - $48,000 $13,519/yr
$48,001 - $75,000 $15,221/yr
$75,001 - $110,000 $18,750/yr
$110,001+ $19,029/yr

The Risk Factor

Completion Risk: High Risk

30.2% of students at Monterey Peninsula 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

Monterey Peninsula College delivers weak financial returns for most students. With median earnings of $42,176 ten years after enrollment and a net price of $13,498 annually, you're looking at a payback period that stretches well beyond what community colleges typically offer.

The 30% graduation rate signals a major risk to your investment. If you don't complete your program, you'll carry debt without the credential needed to access better-paying jobs in the Monterey Peninsula's competitive market. The region's high cost of living makes the modest earnings bump even less attractive.

Healthcare programs and skilled trades offer your best shot at positive returns, given local demand from hospitals and the service economy supporting affluent coastal communities. Liberal arts and general studies programs show weaker earnings potential relative to the area's housing costs.

This school makes financial sense if you're using it as a stepping stone to transfer to a four-year university, keeping costs low while completing prerequisites. You'll also find value if you're pursuing specific vocational training with clear local job prospects.

Avoid Monterey Peninsula College if you're seeking terminal associate degrees in fields with limited local demand. The combination of modest earnings growth and California's high living costs creates a challenging financial equation.

Only 19% of students receive aid, suggesting limited financial support beyond federal programs. Focus on completing quickly to minimize total costs, and research transfer agreements with UC or CSU schools if you plan to continue your education.

Frequently Asked Questions

Is Monterey Peninsula College worth the cost?

Monterey Peninsula College has a low net price of $13,498 annually, but graduates earn only $42,176 ten years later. With a 30% graduation rate, many students don't finish their programs.

What is the ROI for Monterey Peninsula College graduates?

The return on investment is modest at best. Graduates earn about $42,000 ten years out, which is below the national average for college graduates.

How much debt do Monterey Peninsula College students typically graduate with?

As a community college, Monterey Peninsula College costs less than four-year schools at $13,498 per year. However, the low graduation rate means many students may accumulate costs without completing their degree.

Which programs at Monterey Peninsula College have the best job prospects?

Healthcare and skilled trade programs typically offer better earning potential than the overall graduate average. Transfer programs to four-year universities may provide better long-term ROI than terminal degrees.