Mitchell Technical College — ROI, Cost & Payback
Mitchell Technical College charges a net price of $13,460/yr after aid — a 2-year total of $26,920. Graduates earn a median $50,743 ten years after entry, $2,383/yr above the $48,360 high-school baseline, clearing the total in 11.3 years — a 20-year net return of $20,740, a slow but positive payback. (Scorecard, 2026 · our math.)
Mitchell Technical College's 11.3-year payback ranks #843 of 1,280 US colleges we track — better ROI than 34% of them, and #3 of 17 in South Dakota.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $13,460/yr | Scorecard, 2026 |
| Total net cost (2 yrs) | $26,920 | our math |
| Median earnings, 10 yrs after entry | $50,743 | Scorecard, 2026 |
| Earnings premium over HS baseline | $2,383/yr | our math |
| Median debt (completers) | $12,000 | Scorecard, 2026 |
| Payback | 11.3 yrs | our math |
| 20-year net return | $20,740 | our 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 × 2 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.