Degree Dividend
Sourced from federal dataEvery figure datedNo rankings for sale

Olivet Nazarene University — ROI, Cost & Payback

Private nonprofit · Bourbonnais, IL · 2,603 students

The verdict

Olivet Nazarene University charges a net price of $20,729/yr after aid — a 4-year total of $82,916. Graduates earn a median $53,213 ten years after entry, $4,853/yr above the $48,360 high-school baseline, clearing the total in 17.1 years — a 20-year net return of $14,144, a slow but positive payback. (Scorecard, 2026 · our math.)

Share

Olivet Nazarene University's 17.1-year payback ranks #1,012 of 1,280 US colleges we track — better ROI than 21% of them, and #39 of 116 in Illinois.

Better ROI than 21% of US colleges#1,012 of 1,280
Weakest ROIStrongest ROI
$20,729
Net price / yr
Scorecard, 2026
$53,213
Median earnings, 10 yrs
Scorecard, 2026
17.1 yrs
Payback
Our math, 2026
56%
Admission rate
Scorecard, 2026
Olivet Nazarene University: cost, earnings and payback
MeasureValueSource
Net price (after aid)$20,729/yrScorecard, 2026
Total net cost (4 yrs)$82,916our math
Median earnings, 10 yrs after entry$53,213Scorecard, 2026
Earnings premium over HS baseline$4,853/yrour math
Median debt (completers)$25,000Scorecard, 2026
Payback17.1 yrsour math
20-year net return$14,144our math

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

The arithmetic, on Olivet Nazarene University's own numbers. Net price $20,729 × 4 years = $82,916 total. Median earnings $53,213 − the $48,360 high-school baseline = $4,853 a year of premium. $82,916 ÷ $4,853 = 17.1 years to break even; twenty years of that premium minus the cost leaves $14,144. 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 Olivet Nazarene University students graduate with?

A median $25,000 in federal loans among completers, or 47% of the $53,213 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.

What share of Olivet Nazarene University students graduate?

61% finish their degree — 39% leave carrying the cost without the credential. Spread the $82,916 bill across that completion rate and the cohort pays $135,928 per graduate produced — our math, and the figure a payback number never shows.

Is Olivet Nazarene University expensive compared with other Illinois colleges?

Its $20,729 net price runs $6,979 above the $13,750 median across the 116 Illinois colleges we profile, or $27,916 more across the full degree.

Olivet Nazarene University: frequently asked questions

Is Olivet Nazarene University worth the cost?
On the numbers, yes. Olivet Nazarene University charges $20,729/yr after aid ($82,916 over 4 years), and graduates earn a median $53,213 ten years out — $4,853/yr above the $48,360 high-school baseline. That clears the cost in 17.1 years and returns $14,144 net over 20 years, a slow but positive payback.
How long does a Olivet Nazarene University degree take to pay off?
About 17.1 years. We divide the $82,916 four-year net cost by the $4,853/yr earnings premium over the high-school baseline. It is a floor, not a ceiling — mid-career raises pay it back faster.
How much does Olivet Nazarene University cost after financial aid?
The median net price is $20,729/yr — about $82,916 over 4 years. That is what the typical aided student actually pays after grants and scholarships, not the published sticker price.
How does Olivet Nazarene University compare to other Illinois colleges?
It ranks #39 of 116 Illinois colleges we track by payback. Its $53,213 median earnings beat the national median of $43,549, and its $20,729 net price is above the national median of $16,902.