At $24,326/yr net price, Morrison Institute of Technology graduates earn $63,571/yr within 10 years of enrollment, which is $29,571/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $24,326 |
| Estimated 4-Year Cost | $97,304 |
| Median Earnings (10yr post-entry) | $63,571/yr |
| Earnings Premium vs. HS Diploma | +$29,571/yr |
| Estimated Break-Even | 3.3 years |
| Graduation Rate (6-year) | 66.7% |
| Median Debt at Graduation | $12,000 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $23,751/yr |
| $30,001 - $48,000 | $17,833/yr |
| $48,001 - $75,000 | $22,358/yr |
| $75,001 - $110,000 | $28,138/yr |
| $110,001+ | $29,167/yr |
The Risk Factor
66.7% of students at Morrison Institute of Technology graduate within 6 years. A significant share of students finish, but roughly 33% do not complete their degree.
Analysis
Morrison Institute of Technology delivers strong financial returns for a two-year technical college, with graduates earning a median $63,571 annually after ten years. This significantly exceeds typical associate degree outcomes, making the $24,326 annual net price a worthwhile investment for most students.
The school's strength lies in its technical programs that align with regional manufacturing and industrial demand in Illinois. Programs in electronics, computer-aided design, and industrial maintenance typically see the strongest job placement and salary outcomes. Your earning potential will largely depend on which specific program you choose and whether you complete the degree.
The biggest financial risk is the 33% non-completion rate. If you don't finish, you'll still owe the debt without the credential that drives the strong salary outcomes. The relatively low median debt of $12,000 helps limit downside risk, but only 38% of students receive financial aid, suggesting many pay full price.
This school makes financial sense if you're committed to technical careers and can handle the hands-on learning environment. The ROI works particularly well for students who want to enter the workforce quickly rather than transfer to four-year programs. You should look elsewhere if you're uncertain about technical fields or prefer traditional academic subjects.
Merit scholarships appear limited given the low financial aid participation rate. Your best cost strategy is completing the program on time to maximize the strong earnings potential relative to the modest debt load.
Frequently Asked Questions
Is Morrison Institute of Technology worth the money?
Morrison Institute of Technology offers solid value with a relatively low net price of $24,326 and modest debt load of $12,000 at graduation. However, the 67% graduation rate means one-third of students don't finish, which significantly impacts ROI for those who drop out.
What do Morrison Institute of Technology graduates earn after college?
Morrison Institute graduates earn a median of $63,571 ten years after enrollment. This puts the school's earnings above many regional colleges, though returns vary significantly by program.
How much debt do Morrison Institute of Technology students graduate with?
Morrison Institute students graduate with a median debt of $12,000, which is substantially lower than the national average. This manageable debt load makes the school's programs more financially viable than many competitors.
What are the best paying programs at Morrison Institute of Technology?
Morrison Institute focuses on technical and trade programs, which typically offer strong job placement and starting salaries. Specific program earnings data varies, but technical fields generally provide the best return on investment at the school.