At $16,295/yr net price, Spartanburg Methodist College graduates earn $42,895/yr within 10 years of enrollment, which is $8,895/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $16,295 |
| Estimated 4-Year Cost | $65,180 |
| Median Earnings (10yr post-entry) | $42,895/yr |
| Earnings Premium vs. HS Diploma | +$8,895/yr |
| Estimated Break-Even | 7.3 years |
| Graduation Rate (6-year) | 38.3% |
| 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 | $16,009/yr |
| $30,001 - $48,000 | $15,515/yr |
| $48,001 - $75,000 | $16,225/yr |
| $75,001 - $110,000 | $17,303/yr |
| $110,001+ | $18,590/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Liberal Arts and Sciences, General Studies and Humanities. | Associate | $24,267 | $12,000 |
The Risk Factor
38.3% of students at Spartanburg Methodist College graduate within 6 years. Fewer than half of students complete their degree. If you don't graduate, the financial investment may not pay off.
Analysis
Spartanburg Methodist College delivers weak financial returns that make it hard to justify for most students. With median earnings of $42,895 ten years after graduation and a troubling 38% graduation rate, you face significant risks that your investment won't pay off.
The school's Liberal Arts and Sciences program exemplifies the problem, producing graduates who earn just $24,267 annually while carrying $12,000 in debt. This creates a debt-to-income ratio that makes loan repayment challenging and limits your financial flexibility after college.
The low graduation rate presents the biggest financial risk. With nearly two-thirds of students failing to complete their degree, you could end up with debt but no credential to show for it. This makes Spartanburg Methodist particularly risky if you're academically unprepared or lack strong support systems.
The school works best for local students who can minimize costs through commuting and have realistic expectations about post-graduation earnings in the Spartanburg job market. If you're seeking significant income growth or planning to work in competitive fields, the weak alumni outcomes suggest you should look elsewhere.
With 60% of students receiving financial aid, the school does offer assistance, but the low net price of $16,295 already reflects heavy discounting that suggests the institution struggles to attract students at full price. Merit scholarships may be available, but the poor graduation and earnings outcomes indicate even heavily subsidized attendance carries substantial opportunity costs.
Frequently Asked Questions
Is Spartanburg Methodist College worth the cost?
Spartanburg Methodist College offers relatively affordable tuition at $16,295 per year, but graduates earn just $42,895 ten years after enrollment. With a 38% graduation rate, many students don't complete their degrees, making the investment risky for most.
What is the return on investment for Spartanburg Methodist College degrees?
The ROI is poor compared to other colleges. Graduates earn below the national average, and the low graduation rate means many students accumulate debt without finishing their degree.
Do any programs at Spartanburg Methodist College have good job prospects?
The top programs are Liberal Arts and General Studies, which typically lead to modest starting salaries around $24,267. These fields generally offer limited earning potential compared to more specialized degrees.
How much debt do Spartanburg Methodist College students typically graduate with?
The median debt is $12,000, which is relatively low compared to many colleges. However, given the modest earning potential of graduates, even this amount may be challenging to repay quickly.