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 sits in a tough spot financially. You'll pay around $36,000 a year net, yet median earnings ten years out land just under $53,000. That gap is the core problem: the price is close to full private-college territory, but the payoff is closer to mid-tier. With a 52.7% graduation rate, nearly half of you won't finish in the standard window, and if you leave with debt but no degree, the math turns against you fast.
Your major decides everything here. Economics is the clear winner, paying nearly $60,000 while carrying the lowest debt of any listed program. Business Administration holds up reasonably too. But English, Political Science, and Sociology all pay less than the school-wide median, and Sociology graduates earn under $26,000 while taking on the highest debt at $27,000. That combination is a genuine financial risk. If you're drawn to the humanities or social sciences here, you're paying a premium price for an outcome that may not cover your loans comfortably.
The strong retention rate of nearly 86% is the encouraging signal. If you get through your first year, you're likely to stay. The danger is the drop between retention and graduation, where a chunk of you stall out after freshman year.
The net price tiers should give lower-income families pause. Coming from under $30,000 in income, you still pay roughly $32,700, barely less than families earning six figures pay. Aid does not scale down steeply for the students who need it most.
Morehouse is a good fit if you commit to economics or business and finish on time. If you're targeting sociology, political science, or English, look hard at the price against those specific salaries before you enroll.
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.