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Thomas College — ROI, Cost & Payback

Private nonprofit · Waterville, ME · 647 students

The verdict

Thomas College charges a net price of $18,885/yr after aid — a 4-year total of $75,540. Median earnings ten years after entry are $44,991, 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.)

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On institution-wide earnings, Thomas College does not clear its cost — it ranks #14 of 27 Maine colleges we track by ROI. The specific program you pick moves this more than the school average.

$18,885
Net price / yr
Scorecard, 2026
$44,991
Median earnings, 10 yrs
Scorecard, 2026
Payback
Our math, 2026
96%
Admission rate
Scorecard, 2026
Thomas College: cost, earnings and payback
MeasureValueSource
Net price (after aid)$18,885/yrScorecard, 2026
Total net cost (4 yrs)$75,540our math
Median earnings, 10 yrs after entry$44,991Scorecard, 2026
Earnings premium over HS baseline-$3,369/yrour math
Median debt (completers)$24,250Scorecard, 2026
Paybackdoes not clearour math
20-year net return-$142,920our math

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

The arithmetic, on Thomas College's own numbers. Net price $18,885 × 4 years = $75,540 total. Median earnings $44,991 fall $3,369 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 $75,540 bill in about 7.6 years — the gap, not the price, is what blocks payback. Full method.

How much debt do Thomas College students graduate with?

A median $24,250 in federal loans among completers, or 54% of the $44,991 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.

What share of Thomas College students graduate?

54% finish their degree — 46% leave carrying the cost without the credential. Spread the $75,540 bill across that completion rate and the cohort pays $139,889 per graduate produced — our math, and the figure a payback number never shows.

Is Thomas College expensive compared with other Maine colleges?

Its $18,885 net price runs $1,705 above the $17,180 median across the 27 Maine colleges we profile, or $6,820 more across the full degree.

Thomas College: frequently asked questions

Is Thomas College worth the cost?
On institution-wide earnings, the degree does not clear its cost: graduates earn a median $44,991, at or below the $48,360 high-school baseline. The field you study matters far more here than the school average — a high-paying major can flip the math.
How long does a Thomas College degree take to pay off?
On institution-wide earnings it does not pay back, because median earnings sit at or below the $48,360 high-school baseline. A specific high-ROI program can still pay off.
How much does Thomas College cost after financial aid?
The median net price is $18,885/yr — about $75,540 over 4 years. That is what the typical aided student actually pays after grants and scholarships, not the published sticker price.
How does Thomas College compare to other Maine colleges?
It ranks #14 of 27 Maine colleges we track by payback. Its $44,991 median earnings beat the national median of $43,549, and its $18,885 net price is above the national median of $16,902.