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Southern Illinois University-Carbondale vs McKendree University: which has better ROI?

Public, Carbondale IL · vs · Private nonprofit, Lebanon IL

The verdict

McKendree University has the better ROI: it clears its 4-year net cost of $98,868 in 9.7 years versus 10.6 years at Southern Illinois University-Carbondale, on median earnings of $58,572 vs $53,390 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureSouthern Illinois University-CarbondaleMcKendree University
Net price / yr$13,297$24,717
Total net cost$53,188$98,868
Median earnings, 10 yrs$53,390$58,572
Median debt$21,543$23,250
Payback10.6 yrs9.7 yrs
20-year net return$47,412$105,372

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

Which is cheaper, Southern Illinois University-Carbondale or McKendree University?

Southern Illinois University-Carbondale, at $13,297 a year after aid versus $24,717 — a gap of $11,420 a year, or $45,680 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Southern Illinois University-Carbondale or McKendree University graduates earn more?

McKendree University graduates report a median $58,572 ten years after entry, $5,182 more than the $53,390 at Southern Illinois University-Carbondale. 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, Southern Illinois University-Carbondale or McKendree University?

Southern Illinois University-Carbondale: its completers carry a median $21,543 in federal loans versus $23,250 at McKendree University, a difference of $1,707. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

62% of students finish at Southern Illinois University-Carbondale, against 53% at McKendree University. 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.

Southern Illinois University-Carbondale vs McKendree University: frequently asked questions

Is Southern Illinois University-Carbondale or McKendree University a better value?
McKendree University. It clears its $98,868 net cost in about 9.7 years versus 10.6 years at Southern Illinois University-Carbondale, on median earnings of $58,572 vs $53,390 ten years out.
Which is cheaper, Southern Illinois University-Carbondale or McKendree University?
Southern Illinois University-Carbondale: $13,297/yr net price after aid versus $24,717/yr at McKendree University — a difference of $11,420 a year, or about $45,680 over four years.
Do Southern Illinois University-Carbondale or McKendree University graduates earn more?
McKendree University graduates earn a median $58,572 ten years after entry, versus $53,390 at Southern Illinois University-Carbondale — a $5,182 gap. This blends every major, so a specific field can flip it.