Degree Dividend
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McKendree University — ROI, Cost & Payback

Private nonprofit · Lebanon, IL · 1,752 students

The verdict

McKendree University charges a net price of $24,717/yr after aid — a 4-year total of $98,868. Graduates earn a median $58,572 ten years after entry, $10,212/yr above the $48,360 high-school baseline, clearing the total in 9.7 years — a 20-year net return of $105,372, a solid payback. (Scorecard, 2026 · our math.)

Share
$24,717
Net price / yr
Scorecard, 2026
$58,572
Median earnings, 10 yrs
Scorecard, 2026
9.7 yrs
Payback
Our math, 2026
72%
Admission rate
Scorecard, 2026
McKendree University: cost, earnings and payback
MeasureValueSource
Net price (after aid)$24,717/yrScorecard, 2026
Total net cost (4 yrs)$98,868our math
Median earnings, 10 yrs after entry$58,572Scorecard, 2026
Earnings premium over HS baseline$10,212/yrour math
Median debt (completers)$23,250Scorecard, 2026
Payback9.7 yrsour math
20-year net return$105,372our math

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

How we compute this. Payback = total net cost ÷ annual earnings premium, where the premium is median earnings 10 years after entry minus the $48,360 baseline (BLS 2024 median for a high-school-diploma worker 25+). Total net cost = net price × 4 years. We do not discount future dollars. The institution-wide earnings figure blends every major — a specific program's payback can be far better or worse. Full method on the methodology page.