At $24,655/yr net price, Samaritan Hospital School of Nursing graduates earn $64,383/yr within 10 years of enrollment, which is $30,383/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $24,655 |
| Estimated 4-Year Cost | $98,620 |
| Median Earnings (10yr post-entry) | $64,383/yr |
| Earnings Premium vs. HS Diploma | +$30,383/yr |
| Estimated Break-Even | 3.2 years |
| Graduation Rate (6-year) | 50.0% |
| Median Debt at Graduation | $15,250 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $27,073/yr |
| $30,001 - $48,000 | $22,237/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Associate | $60,523 | $17,000 |
| Practical Nursing, Vocational Nursing and Nursing Assistants. | Certificate | $36,848 |
The Risk Factor
50.0% of students at Samaritan Hospital School of Nursing 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
Samaritan Hospital School of Nursing delivers solid financial returns for its registered nursing program but creates significant risk for students in practical nursing tracks. The RN program generates median earnings of $60,523 within ten years, producing a reasonable return on the $24,655 annual investment, especially given the relatively low $17,000 debt load for nursing graduates.
The practical nursing program presents a different story entirely. With median earnings of just $36,848, graduates face a challenging financial outlook that barely justifies the school's costs. This program creates substantial risk for students who could earn similar wages through much cheaper community college alternatives in the Capital Region.
The school's 50% graduation rate raises red flags about your likelihood of completing your program and seeing any return on investment. This completion rate means half of students leave without credentials, often carrying debt with no degree to show for it. Factor this risk heavily into your decision.
You should consider Samaritan if you can secure admission to the RN program and have strong academic preparation to beat the 50% completion odds. The school works best for students who can handle the academic rigor and benefit from the hospital-based clinical training model.
Skip this school if you're considering practical nursing or if you struggle academically. The combination of high costs, low completion rates, and limited financial aid (only 34% receive aid) makes this a poor choice for students seeking the most affordable path to nursing credentials in New York's Capital Region.
Frequently Asked Questions
Is Samaritan Hospital School of Nursing worth the cost?
With a net price of $24,655 annually and 10-year earnings of $64,383, the school offers decent returns for nursing programs. However, the 50% graduation rate means half of students don't finish, which significantly increases the financial risk.
What is the ROI for Samaritan Hospital School of Nursing programs?
The registered nursing program leads to median earnings of $60,523, making it a solid investment. The practical nursing program pays significantly less at $36,848, which may not justify the cost for some students.
How much debt do Samaritan Hospital School of Nursing graduates have?
The median debt is $15,250, which is relatively manageable for nursing school. This lower debt load helps improve the overall return on investment compared to more expensive nursing programs.
Does Samaritan Hospital School of Nursing have good job prospects?
The school has a 100% acceptance rate, meaning admission is guaranteed but selectivity is low. The bigger concern is the 50% graduation rate, which suggests many students struggle to complete their programs successfully.