At $35,949/yr net price, Morehouse College graduates earn $52,889/yr within 10 years of enrollment, which is $18,889/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $35,949 |
| Estimated 4-Year Cost | $143,796 |
| Median Earnings (10yr post-entry) | $52,889/yr |
| Earnings Premium vs. HS Diploma | +$18,889/yr |
| Estimated Break-Even | 7.6 years |
| Graduation Rate (6-year) | 52.7% |
| Median Debt at Graduation | $25,000 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $32,679/yr |
| $30,001 - $48,000 | $33,552/yr |
| $48,001 - $75,000 | $37,266/yr |
| $75,001 - $110,000 | $39,484/yr |
| $110,001+ | $39,174/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Economics. | Bachelor | $59,417 | $22,502 |
| Business Administration, Management and Operations. | Bachelor | $49,722 | $23,250 |
| English Language and Literature, General. | Bachelor | $31,133 | $26,000 |
| Political Science and Government. | Bachelor | $29,685 | $25,000 |
| Sociology. | Bachelor | $25,774 | $27,000 |
| Psychology, General. | Bachelor | $22,087 | $26,000 |
| Biology, General. | Bachelor | $18,771 | $23,598 |
| Communication and Media Studies. | Bachelor | $14,442 | $25,698 |
The Risk Factor
52.7% of students at Morehouse College 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
Morehouse College delivers mixed financial returns that depend heavily on your major choice. The median graduate earns $52,889 ten years out, which barely justifies the $35,949 annual cost when you factor in opportunity costs and debt burdens.
Economics majors see the strongest payoff at $59,417 annually with relatively low debt at $22,502. Business administration graduates also perform well financially. However, liberal arts majors face challenging economics. English majors earn just $31,133 while carrying $26,000 in debt, and sociology graduates see even worse returns at $25,774 with higher debt loads.
The 52.7% graduation rate presents the biggest financial risk. Nearly half of students who enroll never finish their degree but may still carry debt. Even those who do graduate often struggle with the debt-to-income ratio, particularly in lower-paying fields that make up a significant portion of Morehouse's programs.
You should consider Morehouse if you plan to major in economics or business and can leverage the school's strong alumni network in Atlanta's growing business sector. The historically black college experience and networking opportunities may justify the premium for students pursuing careers where these connections prove valuable.
Skip Morehouse if you're interested in liberal arts fields unless you have substantial family financial support or clear graduate school plans that will boost your earning potential. The combination of high costs and low completion rates makes this a risky investment for students who need significant financial aid or are uncertain about their academic persistence.
Merit aid opportunities exist but cover less than half of students. Focus on demonstrating both academic excellence and leadership potential in your application to maximize scholarship chances.
Frequently Asked Questions
Is Morehouse College worth the cost?
Morehouse College's ROI is mixed, with graduates earning $52,889 ten years after enrollment against a net price of $35,949 annually. The economics program shows strong returns at $59,417, but other popular majors like sociology and political science yield significantly lower earnings.
What are the best paying majors at Morehouse College?
Economics leads at $59,417 and business administration follows at $49,722. However, majors like English ($31,133), political science ($29,685), and sociology ($25,774) show concerning earning potential relative to the school's cost.
How much debt do Morehouse College students graduate with?
The median debt is $25,000, which is manageable compared to many private schools. However, with a 52.7% graduation rate, nearly half of students leave without a degree but may still carry debt.
Does Morehouse College have good financial aid?
The net price of $35,949 suggests decent financial aid for a private HBCU, though costs remain high for families. Students should carefully evaluate aid packages against their chosen major's earning potential before enrolling.