Certificate in Practical Nursing, Vocational Nursing and Nursing Assistants. — ROI at J. F. Drake State Community and Technical College
AL · Based on U.S. Department of Education College Scorecard data
Financial Breakdown for Practical Nursing, Vocational Nursing and Nursing Assistants. at J. F. Drake State Community and Technical College
Net Annual Cost
$11,908
After grants & scholarships
Median Earnings
$43,382
Median salary after graduation
Net Debt
N/A
After personal savings applied
20-Year Net ROI Projection
Gross Earnings (20 years)
$43,382 × 20 years
+$867,640
Total 1-Year Cost
$11,908 × 1 years
−$11,908
Estimated Debt Payoff ⓘ Includes estimated interest over a standard 10-year repayment plan.
N/A principal × 1.35 (interest)
−N/A
Baseline Opportunity Cost ⓘ The estimated earnings you would make with a high school diploma over 20 years ($42,000/yr), which you forfeit while studying.
$42,000 median no-degree salary × 20 years
−$840,000
20-Year Net ROI
+$15,732
Graduation Rate
11.7%
of students complete their degree
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How we calculate ROI
20-Year Net ROI = Gross Earnings − Total 1-Year Cost − Estimated Debt Payoff − Baseline Opportunity Cost
Baseline assumes $42,000/yr median earnings without a college degree. Debt payoff uses a 1.35× multiplier to account for interest over a standard repayment period.
Data sourced from the U.S. College Scorecard.