Degree Dividend
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Northwestern University — ROI, Cost & Payback

Private nonprofit · Evanston, IL · 9,201 students

The verdict

Northwestern University charges a net price of $29,167/yr after aid — a 4-year total of $116,668. Graduates earn a median $89,363 ten years after entry, $41,003/yr above the $48,360 high-school baseline, clearing the total in 2.8 years — a 20-year net return of $703,392, a strong payback — the degree clears its cost fast. (Scorecard, 2026 · our math.)

$29,167
Net price / yr
Scorecard, 2026
$89,363
Median earnings, 10 yrs
Scorecard, 2026
2.8 yrs
Payback
Our math, 2026
8%
Admission rate
Scorecard, 2026
Northwestern University: cost, earnings and payback
MeasureValueSource
Net price (after aid)$29,167/yrScorecard, 2026
Total net cost (4 yrs)$116,668our math
Median earnings, 10 yrs after entry$89,363Scorecard, 2026
Earnings premium over HS baseline$41,003/yrour math
Median debt (completers)$15,000Scorecard, 2026
Payback2.8 yrsour math
20-year net return$703,392our 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.