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Bates College — ROI, Cost & Payback

Private nonprofit · Lewiston, ME · 1,760 students

The verdict

Bates College charges a net price of $29,351/yr after aid — a 4-year total of $117,404. Graduates earn a median $69,498 ten years after entry, $21,138/yr above the $48,360 high-school baseline, clearing the total in 5.6 years — a 20-year net return of $305,356, a solid payback. (Scorecard, 2026 · our math.)

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Bates College's 5.6-year payback ranks #482 of 1,280 US colleges we track — better ROI than 62% of them, and #5 of 27 in Maine.

Better ROI than 62% of US colleges#482 of 1,280
Weakest ROIStrongest ROI
$29,351
Net price / yr
Scorecard, 2026
$69,498
Median earnings, 10 yrs
Scorecard, 2026
5.6 yrs
Payback
Our math, 2026
13%
Admission rate
Scorecard, 2026
Bates College: cost, earnings and payback
MeasureValueSource
Net price (after aid)$29,351/yrScorecard, 2026
Total net cost (4 yrs)$117,404our math
Median earnings, 10 yrs after entry$69,498Scorecard, 2026
Earnings premium over HS baseline$21,138/yrour math
Median debt (completers)$14,275Scorecard, 2026
Payback5.6 yrsour math
20-year net return$305,356our math

College Scorecard (2026 release), institution-level · payback and returns are our math.

The arithmetic, on Bates College's own numbers. Net price $29,351 × 4 years = $117,404 total. Median earnings $69,498 − the $48,360 high-school baseline = $21,138 a year of premium. $117,404 ÷ $21,138 = 5.6 years to break even; twenty years of that premium minus the cost leaves $305,356. Future dollars are not discounted, and the earnings figure blends every major here — your programme can beat or miss it. Full method.

How much debt do Bates College students graduate with?

A median $14,275 in federal loans among completers, or 21% of the $69,498 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.

What share of Bates College students graduate?

90% finish their degree. Spread the $117,404 bill across that completion rate and the cohort pays $130,449 per graduate produced — our math, and the figure a payback number never shows.

Is Bates College expensive compared with other Maine colleges?

Its $29,351 net price runs $12,171 above the $17,180 median across the 27 Maine colleges we profile, or $48,684 more across the full degree.

Bates College: frequently asked questions

Is Bates College worth the cost?
On the numbers, yes. Bates College charges $29,351/yr after aid ($117,404 over 4 years), and graduates earn a median $69,498 ten years out — $21,138/yr above the $48,360 high-school baseline. That clears the cost in 5.6 years and returns $305,356 net over 20 years, a solid payback.
How long does a Bates College degree take to pay off?
About 5.6 years. We divide the $117,404 four-year net cost by the $21,138/yr earnings premium over the high-school baseline. It is a floor, not a ceiling — mid-career raises pay it back faster.
How much does Bates College cost after financial aid?
The median net price is $29,351/yr — about $117,404 over 4 years. That is what the typical aided student actually pays after grants and scholarships, not the published sticker price.
How does Bates College compare to other Maine colleges?
It ranks #5 of 27 Maine colleges we track by payback. Its $69,498 median earnings beat the national median of $43,549, and its $29,351 net price is above the national median of $16,902.