Degree Dividend
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Santa Monica College vs Allan Hancock College: which has better ROI?

Public, Santa Monica CA · vs · Public, Santa Maria CA

The verdict

Neither clears its cost on institution-wide earnings, but Santa Monica College comes closer — median earnings $42,193 against a $5,558 total, vs $42,786 at Allan Hancock College. (Scorecard, 2026 · our math.)

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Head to head
MeasureSanta Monica CollegeAllan Hancock College
Net price / yr$2,779$5,383
Total net cost$5,558$21,532
Median earnings, 10 yrs$42,193$42,786
Median debt$6,450
Payback
20-year net return-$128,898-$133,012

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

Which is cheaper, Santa Monica College or Allan Hancock College?

Santa Monica College, at $2,779 a year after aid versus $5,383 — a gap of $2,604 a year, or $15,974 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Santa Monica College or Allan Hancock College graduates earn more?

Allan Hancock College graduates report a median $42,786 ten years after entry, $593 more than the $42,193 at Santa Monica 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 graduates more of its students?

36% of students finish at Santa Monica College, against 26% at Allan Hancock 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.

Santa Monica College vs Allan Hancock College: frequently asked questions

Is Santa Monica College or Allan Hancock College a better value?
Santa Monica 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, Santa Monica College or Allan Hancock College?
Santa Monica College: $2,779/yr net price after aid versus $5,383/yr at Allan Hancock College — a difference of $2,604 a year, or about $15,974 over four years.
Do Santa Monica College or Allan Hancock College graduates earn more?
Allan Hancock College graduates earn a median $42,786 ten years after entry, versus $42,193 at Santa Monica College — a $593 gap. This blends every major, so a specific field can flip it.