Degree Dividend
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Saint Mary-of-the-Woods College vs Empire Beauty School-Indianapolis: which has better ROI?

Private nonprofit, Saint Mary of the Woods IN · vs · Private for-profit, Indianapolis IN

The verdict

Neither clears its cost on institution-wide earnings, but Saint Mary-of-the-Woods College comes closer — median earnings $43,845 against a $127,488 total, vs $24,397 at Empire Beauty School-Indianapolis. (Scorecard, 2026 · our math.)

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Head to head
MeasureSaint Mary-of-the-Woods CollegeEmpire Beauty School-Indianapolis
Net price / yr$31,872$17,213
Total net cost$127,488$68,852
Median earnings, 10 yrs$43,845$24,397
Median debt$19,512$10,667
Payback
20-year net return-$217,788-$548,112

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

Which is cheaper, Saint Mary-of-the-Woods College or Empire Beauty School-Indianapolis?

Empire Beauty School-Indianapolis, at $17,213 a year after aid versus $31,872 — a gap of $14,659 a year, or $58,636 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Saint Mary-of-the-Woods College or Empire Beauty School-Indianapolis graduates earn more?

Saint Mary-of-the-Woods College graduates report a median $43,845 ten years after entry, $19,448 more than the $24,397 at Empire Beauty School-Indianapolis. 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, Saint Mary-of-the-Woods College or Empire Beauty School-Indianapolis?

Empire Beauty School-Indianapolis: its completers carry a median $10,667 in federal loans versus $19,512 at Saint Mary-of-the-Woods College, a difference of $8,845. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Saint Mary-of-the-Woods College vs Empire Beauty School-Indianapolis: frequently asked questions

Is Saint Mary-of-the-Woods College or Empire Beauty School-Indianapolis a better value?
Saint Mary-of-the-Woods 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, Saint Mary-of-the-Woods College or Empire Beauty School-Indianapolis?
Empire Beauty School-Indianapolis: $17,213/yr net price after aid versus $31,872/yr at Saint Mary-of-the-Woods College — a difference of $14,659 a year, or about $58,636 over four years.
Do Saint Mary-of-the-Woods College or Empire Beauty School-Indianapolis graduates earn more?
Saint Mary-of-the-Woods College graduates earn a median $43,845 ten years after entry, versus $24,397 at Empire Beauty School-Indianapolis — a $19,448 gap. This blends every major, so a specific field can flip it.