Tuvelan

College ROI for Students in Mercer County, IL

Is college worth it in Mercer County? Here's the financial analysis.

Public In-State/yr

$21,449

Public Out-of-State/yr

$37,690

Private/yr

$53,829

Payback Period

2 yrs

ROI Comparison

4-Year Public University

Total Cost (4 yrs)$85,796
Annual Earnings Premium$43,568
Payback Period2 years
20-Year Net Return$785,564

4-Year Private University

Total Cost (4 yrs)$215,316
Annual Earnings Premium$50,103
Payback Period4.3 years
20-Year Net Return$786,748

About Mercer County, Illinois

Mercer County in Illinois has a median household income of $67,028 and a population of 15,692. The college earnings premium in this region makes a public university degree pay back in approximately 2 years.

These estimates use regional cost and earnings data. Actual ROI varies enormously by major, institution, completion rate, and career path. Our Monte Carlo simulation models degree-specific outcomes, student loan scenarios, and alternative investment paths.

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Other Counties in Illinois

Cook CountyDuPage CountyLake CountyWill CountyKane CountyMcHenry CountyWinnebago CountyMadison County

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: NCES IPEDS, College Scorecard, Bureau of Labor Statistics. Estimates based on regional data. This is not financial advice.