College ROI for Students in Red Lake County, MN

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

Public In-State/yr

$23,644

Public Out-of-State/yr

$41,548

Private/yr

$59,339

Payback Period

2 yrs

ROI Comparison

4-Year Public University

Total Cost (4 yrs)$94,576
Annual Earnings Premium$48,028
Payback Period2 years

20-Year Net Return$865,984

4-Year Private University

Total Cost (4 yrs)$237,356
Annual Earnings Premium$55,232
Payback Period4.3 years

20-Year Net Return$867,288

About Red Lake County, Minnesota

Red Lake County in Minnesota has a median household income of $73,889 and a population of 3,912. 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 Minnesota

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.