Morgan State University — ROI, Cost & Payback
Morgan State University charges a net price of $14,985/yr after aid — a 4-year total of $59,940. Graduates earn a median $50,698 ten years after entry, $2,338/yr above the $48,360 high-school baseline, clearing the total in 25.6 years — a 20-year net return of -$13,180, a weak return — the cost is hard to justify on earnings alone. (Scorecard, 2026 · our math.)
Morgan State University's 25.6-year payback ranks #1,113 of 1,280 US colleges we track — better ROI than 13% of them, and #23 of 52 in Maryland.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $14,985/yr | Scorecard, 2026 |
| Total net cost (4 yrs) | $59,940 | our math |
| Median earnings, 10 yrs after entry | $50,698 | Scorecard, 2026 |
| Earnings premium over HS baseline | $2,338/yr | our math |
| Median debt (completers) | $27,250 | Scorecard, 2026 |
| Payback | 25.6 yrs | our math |
| 20-year net return | -$13,180 | our math |
College Scorecard (2026 release), institution-level · payback and returns are our math.
The arithmetic, on Morgan State University's own numbers. Net price $14,985 × 4 years = $59,940 total. Median earnings $50,698 − the $48,360 high-school baseline = $2,338 a year of premium. $59,940 ÷ $2,338 = 25.6 years to break even; twenty years of that premium minus the cost leaves -$13,180. 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 Morgan State University students graduate with?
A median $27,250 in federal loans among completers, or 54% of the $50,698 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.
What share of Morgan State University students graduate?
41% finish their degree — 59% leave carrying the cost without the credential. Spread the $59,940 bill across that completion rate and the cohort pays $146,195 per graduate produced — our math, and the figure a payback number never shows.
Is Morgan State University expensive compared with other Maryland colleges?
Its $14,985 net price runs $2,593 below the $17,578 median across the 52 Maryland colleges we profile, and $10,372 less across the full degree.