Degree Dividend
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Des Moines Area Community College vs Hawkeye Community College: which has better ROI?

Public, Ankeny IA · vs · Public, Waterloo IA

The verdict

Neither clears its cost on institution-wide earnings, but Hawkeye Community College comes closer — median earnings $42,849 against a $19,298 total, vs $41,018 at Des Moines Area Community College. (Scorecard, 2026 · our math.)

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Head to head
MeasureDes Moines Area Community CollegeHawkeye Community College
Net price / yr$11,171$9,649
Total net cost$44,684$19,298
Median earnings, 10 yrs$41,018$42,849
Median debt$11,000$12,000
Payback
20-year net return-$191,524-$129,518

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

Which is cheaper, Des Moines Area Community College or Hawkeye Community College?

Hawkeye Community College, at $9,649 a year after aid versus $11,171 — a gap of $1,522 a year, or $25,386 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Des Moines Area Community College or Hawkeye Community College graduates earn more?

Hawkeye Community College graduates report a median $42,849 ten years after entry, $1,831 more than the $41,018 at Des Moines Area Community College. 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, Des Moines Area Community College or Hawkeye Community College?

Des Moines Area Community College: its completers carry a median $11,000 in federal loans versus $12,000 at Hawkeye Community College, a difference of $1,000. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

43% of students finish at Hawkeye Community College, against 39% at Des Moines Area Community 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.

Des Moines Area Community College vs Hawkeye Community College: frequently asked questions

Is Des Moines Area Community College or Hawkeye Community College a better value?
Hawkeye Community 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, Des Moines Area Community College or Hawkeye Community College?
Hawkeye Community College: $9,649/yr net price after aid versus $11,171/yr at Des Moines Area Community College — a difference of $1,522 a year, or about $25,386 over four years.
Do Des Moines Area Community College or Hawkeye Community College graduates earn more?
Hawkeye Community College graduates earn a median $42,849 ten years after entry, versus $41,018 at Des Moines Area Community College — a $1,831 gap. This blends every major, so a specific field can flip it.