At $29,187/yr net price, Springfield College graduates earn $48,036/yr within 10 years of enrollment, which is $14,036/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $29,187 |
| Estimated 4-Year Cost | $116,748 |
| Median Earnings (10yr post-entry) | $48,036/yr |
| Earnings Premium vs. HS Diploma | +$14,036/yr |
| Estimated Break-Even | 8.3 years |
| Graduation Rate (6-year) | 67.6% |
| Median Debt at Graduation | $26,250 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $21,252/yr |
| $30,001 - $48,000 | $25,092/yr |
| $48,001 - $75,000 | $24,226/yr |
| $75,001 - $110,000 | $28,385/yr |
| $110,001+ | $32,494/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Allied Health Diagnostic, Intervention, and Treatment Professions. | Master | $114,595 | $110,127 |
| Rehabilitation and Therapeutic Professions. | Doctoral | $68,858 | $41,000 |
| Rehabilitation and Therapeutic Professions. | Master | $54,948 | $51,250 |
| Social Work. | Master | $51,794 | $61,500 |
| Education, General. | Master | $50,606 | $28,856 |
| Business Administration, Management and Operations. | Master | $46,478 | $26,839 |
| Business Administration, Management and Operations. | Bachelor | $45,696 | |
| Teacher Education and Professional Development, Specific Subject Areas. | Master | $44,747 | $23,818 |
| Health and Physical Education/Fitness. | Master | $41,937 | $41,000 |
| Community Organization and Advocacy. | Master | $40,945 | $41,000 |
The Risk Factor
67.6% of students at Springfield College graduate within 6 years. A significant share of students finish, but roughly 32% do not complete their degree.
Analysis
Springfield College delivers mixed financial returns, with your career outcome heavily dependent on your major choice. The school's median graduate earns $48,036 ten years after graduation against a net price of $29,187 annually, creating a reasonable but not spectacular payback timeline.
Your program selection makes or breaks the investment here. Allied Health majors command $114,595 salaries but carry crushing $110,127 debt loads that could take decades to justify. Rehabilitation and therapeutic programs offer the sweet spot, delivering $68,858 earnings with more manageable $41,000 debt. Education majors see modest $50,606 returns with lower $28,856 debt, while social work graduates face a tough financial reality of $51,794 earnings against $61,500 in loans.
Springfield's biggest financial risk lies in its 67% graduation rate. You face a one-in-three chance of leaving without a degree while still carrying debt. The 84% retention rate suggests most students who struggle do so after freshman year, often after accumulating significant costs.
This school works financially if you target the rehabilitation programs or can secure substantial aid. With only 22% of students receiving financial aid, merit opportunities appear limited, making Springfield a tough choice for middle-class families who won't qualify for need-based assistance but struggle with the full price tag.
Skip Springfield if you're considering social work or can't commit fully to graduation. The combination of moderate earnings, significant debt, and graduation risks creates too much downside. Students serious about allied health careers should carefully model the debt-to-income ratios before committing to six-figure borrowing.
Frequently Asked Questions
Is Springfield College worth the money?
Springfield College has mixed value depending on your major. Allied health programs show strong returns with $114,595 median earnings, but education and social work graduates earn around $50,000 while paying $29,187 annually in net costs.
What are the best paying majors at Springfield College?
Allied Health Diagnostic and Treatment programs offer the highest return at Springfield College with median earnings of $114,595. Rehabilitation and therapeutic professions also perform well at $68,858, while education and social work majors see significantly lower earnings around $50,000.
How much debt do Springfield College graduates have?
Springfield College graduates have a median debt of $26,250. With starting salaries ranging from $50,000 to $114,000 depending on major, debt levels are manageable for health programs but may be challenging for education and social work graduates.
Does Springfield College have good financial aid?
Springfield College's net price of $29,187 per year suggests moderate financial aid given its private status. However, with a 67% graduation rate, about one-third of students don't complete their degrees, making the investment risky for some.