Degree Dividend
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Berklee College of Music vs Hampshire College: which has better ROI?

Private nonprofit, Boston MA · vs · Private nonprofit, Amherst MA

The verdict

Neither clears its cost on institution-wide earnings, but Hampshire College comes closer — median earnings $46,938 against a $96,136 total, vs $33,647 at Berklee College of Music. (Scorecard, 2026 · our math.)

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Head to head
MeasureBerklee College of MusicHampshire College
Net price / yr$49,465$24,034
Total net cost$197,860$96,136
Median earnings, 10 yrs$33,647$46,938
Median debt$25,000$26,893
Payback
20-year net return-$492,120-$124,576

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Berklee College of Music or Hampshire College?

Hampshire College, at $24,034 a year after aid versus $49,465 — a gap of $25,431 a year, or $101,724 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Berklee College of Music or Hampshire College graduates earn more?

Hampshire College graduates report a median $46,938 ten years after entry, $13,291 more than the $33,647 at Berklee College of Music. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, Berklee College of Music or Hampshire College?

Berklee College of Music: its completers carry a median $25,000 in federal loans versus $26,893 at Hampshire College, a difference of $1,893. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

67% of students finish at Berklee College of Music, against 54% at Hampshire College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Berklee College of Music vs Hampshire College: frequently asked questions

Is Berklee College of Music or Hampshire College a better value?
Hampshire College comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, Berklee College of Music or Hampshire College?
Hampshire College: $24,034/yr net price after aid versus $49,465/yr at Berklee College of Music — a difference of $25,431 a year, or about $101,724 over four years.
Do Berklee College of Music or Hampshire College graduates earn more?
Hampshire College graduates earn a median $46,938 ten years after entry, versus $33,647 at Berklee College of Music — a $13,291 gap. This blends every major, so a specific field can flip it.