Is Mount Carmel College of Nursing Worth It?

Mount Carmel College of Nursing delivers strong financial returns for a specialized healthcare institution, with graduates earning a median of $75,103 ten years after graduation while carrying just $22,082 in debt.

The nursing programs show a clear earnings split that reflects different career paths within the field. The higher-earning nursing track produces graduates making $94,851 annually, though you'll graduate with $35,963 in debt. The second nursing concentration leads to $60,630 in annual earnings with lower debt of $21,500. Both pathways offer solid returns given the relatively low borrowing amounts compared to typical private college debt loads.

Your biggest financial risk is the 70.9% graduation rate, which means nearly three in ten students leave without completing their degree. The specialized nature of the curriculum makes transferring credits difficult if you decide nursing isn't for you. The 83.3% retention rate suggests most students who struggle do so after their first year.

This school makes financial sense if you're committed to nursing and want targeted preparation without the overhead costs of a large university. The $12,939 net price after aid is strongly low for private education, though only 30.4% of students receive financial aid. This suggests the school primarily serves students who can pay most costs upfront or those who qualify for significant need-based assistance.

You should look elsewhere if you're uncertain about nursing as a career path or want broader educational options. The specialized focus limits your ability to explore other fields without transferring schools entirely.