Payback
EarningsPlus
Economic score
McPherson College is a private regional college located in McPherson, Kansas. McPherson College is very inclusive in their admissions.
Return on educational investment at McPherson College is in the bottom 10% of all ranked schools. The median student earns $42,168 10 years after enrolling, 19th in Kansas, and in the bottom 50% nationally. When adjusted for earning differences by major, McPherson College bachelor students earn 27% less than the national average.
McPherson College’s median net annual cost of $26,425 and average years to graduate of 4.2 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 2 programs at McPherson College sorted by number of graduates - Mechanical Engr. Tech, Business Administration - are shown below.
Annual net cost
$26,425
Average years to graduate
4.2
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
The average full-time graduate completes their degree in 4.2 years. 48% of all students graduate within 8 years including part-time students. The graduation rate at McPherson College is 3% lower than the state average, and 1% below the average for all regional colleges in the country.
At McPherson College, Pell Grant recipients represent 32% of the measured graduating class, 3% lower than the national average of 35%. The average Pell Grant recipient at McPherson College graduates within 4.3 years.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
McPherson College’s economic mobility score of 6.76 is calculated by adjusting the 7.06 economic score of lower-income students by the 32% pell grant recipients within the student body. McPherson College’s EMS of 6.76 ranks in the bottom 10% nationally. Please note that the economic mobility score considers only students that have graduated.
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 10%
The average Title IV recipient at McPherson College pays $26,425 a year, $18,419 less than the $44,844 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $26,425
Much of the gap between net price and sticker price is filled by institutional and government grants. At McPherson College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $26,425 on average to be covered by the student – be it through loans or out of pocket. In total, 81% of students take out loans, federal or private, at an average amount of $6,476. This is 27% more than the national average.
Federal grants
$5,328
Pell grants
$4,342
State grants
$2,988
Institutional grants
$18,116
McPherson College's very inclusive admissions are indicated by their 85% acceptance rate. In 2021, the school had 884 applicants, of which 748 were admitted and 271 enrolled. McPherson College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
While McPherson College has a recommended testing policy, their average test scores are not made public.
Full time
98%
83%
Female
37%
59%
First time
66%
59%
In-state
27%
68%
1st generation
31%
35%
White
53%
52%
Black
16%
14%
Hispanic
18%
15%
Asian
1%
5%
American Indian
3%
1.6%
Pacific Islander
N/A
0.3%
Other
9%
12%