Spartanburg Methodist College — ROI, Cost & Payback
Spartanburg Methodist College charges a net price of $14,580/yr after aid — a 2-year total of $29,160. Median earnings ten years after entry are $42,895, below the $48,360 high-school baseline, so on this institution-wide metric the degree does not clear its cost. Program choice is what changes that. (Scorecard, 2026 · our math.)
On institution-wide earnings, Spartanburg Methodist College does not clear its cost — it ranks #20 of 60 South Carolina colleges we track by ROI. The specific program you pick moves this more than the school average.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $14,580/yr | Scorecard, 2026 |
| Total net cost (2 yrs) | $29,160 | our math |
| Median earnings, 10 yrs after entry | $42,895 | Scorecard, 2026 |
| Earnings premium over HS baseline | -$5,465/yr | our math |
| Median debt (completers) | $12,000 | Scorecard, 2026 |
| Payback | does not clear | our math |
| 20-year net return | -$138,460 | our math |
College Scorecard (2026 release), institution-level · payback and returns are our math.
The arithmetic, on Spartanburg Methodist College's own numbers. Net price $14,580 × 2 years = $29,160 total. Median earnings $42,895 fall $5,465 short of the $48,360 high-school baseline, so the premium this formula divides by is not positive and no break-even year exists on institution-wide pay. A programme here earning $58,360 would clear the $29,160 bill in about 2.9 years — the gap, not the price, is what blocks payback. Full method.
How much debt do Spartanburg Methodist College students graduate with?
A median $12,000 in federal loans among completers, or 28% of the $42,895 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.
What share of Spartanburg Methodist College students graduate?
43% finish their degree — 57% leave carrying the cost without the credential. Spread the $29,160 bill across that completion rate and the cohort pays $67,814 per graduate produced — our math, and the figure a payback number never shows.
Is Spartanburg Methodist College expensive compared with other South Carolina colleges?
Its $14,580 net price runs $1,415 below the $15,995 median across the 60 South Carolina colleges we profile, and $2,829 less across the full degree.