Converse University — ROI, Cost & Payback
Converse University charges a net price of $23,283/yr after aid — a 4-year total of $93,132. Median earnings ten years after entry are $40,867, below the $48,360 high-school baseline, so on this institution-wide metric the degree does not clear its cost. Program choice is what changes that. (Scorecard, 2026 · our math.)
On institution-wide earnings, Converse University does not clear its cost — it ranks #35 of 60 South Carolina colleges we track by ROI. The specific program you pick moves this more than the school average.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $23,283/yr | Scorecard, 2026 |
| Total net cost (4 yrs) | $93,132 | our math |
| Median earnings, 10 yrs after entry | $40,867 | Scorecard, 2026 |
| Earnings premium over HS baseline | -$7,493/yr | our math |
| Median debt (completers) | $27,000 | Scorecard, 2026 |
| Payback | does not clear | our math |
| 20-year net return | -$242,992 | our math |
College Scorecard (2026 release), institution-level · payback and returns are our math.
The arithmetic, on Converse University's own numbers. Net price $23,283 × 4 years = $93,132 total. Median earnings $40,867 fall $7,493 short of the $48,360 high-school baseline, so the premium this formula divides by is not positive and no break-even year exists on institution-wide pay. A programme here earning $58,360 would clear the $93,132 bill in about 9.3 years — the gap, not the price, is what blocks payback. Full method.
How much debt do Converse University students graduate with?
A median $27,000 in federal loans among completers, or 66% of the $40,867 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.
What share of Converse University students graduate?
62% finish their degree — 38% leave carrying the cost without the credential. Spread the $93,132 bill across that completion rate and the cohort pays $150,213 per graduate produced — our math, and the figure a payback number never shows.
Is Converse University expensive compared with other South Carolina colleges?
Its $23,283 net price runs $7,289 above the $15,995 median across the 60 South Carolina colleges we profile, or $29,154 more across the full degree.