Cleveland Institute of Music ROI Analysis
Comprehensive ROI analysis based on tuition costs, graduate earnings, financial aid, and long-term earning potential.
ROI Summary
Total 4-Year Cost
$170,000
In-state tuition x 4
Earnings Premium
$-14,830/yr
below high school diploma avg
Break-Even Point
N/A years
After graduation
20-Year ROI
-274%
Return on investment
ROI Analysis
The Cleveland Institute of Music has a high retention rate of 97.6% and a graduation rate of 75.5%. The acceptance rate is 38.2%. The annual tuition cost is $42,500. One year after graduation, the median earnings are $15,625. Five years after graduation, median earnings rise to $20,170, and ten years after graduation, median earnings are $32,641.
The median debt for graduates is $24,968. The data does not provide enough information to calculate a debt-to-income ratio or a break-even timeline. 36.7% of students receive financial aid.
Generated from College Scorecard & IPEDS data
The Numbers
Annual Tuition (In-State)
$42,500
Median Debt at Graduation
$24,968
Median Earnings (5yr)
$20,170
Graduation Rate
76%
Receive Financial Aid
37%
Avg Aid Amount
N/A
Program-Level ROI
| Program | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|
| Music | $30,894 | N/A |
Peer Comparison
Financial Aid Impact
Before Aid
After Aid (Estimated)
Frequently Asked Questions
Methodology
ROI calculations are based on data from the U.S. Department of Education College Scorecard. The earnings premium is calculated as the difference between median graduate earnings and the national average earnings for high school diploma holders ($35,000).
The 20-year ROI formula: ((Earnings Premium x 20) - Total Cost) / Total Cost x 100. Break-even point: Total Cost / Annual Earnings Premium. All figures use in-state tuition and do not account for inflation, opportunity cost, or financial aid variations.