Degree Dividend
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Wartburg College — ROI, Cost & Payback

Private nonprofit · Waverly, IA · 1,452 students

The verdict

Wartburg College charges a net price of $32,908/yr after aid — a 4-year total of $131,632. Graduates earn a median $56,201 ten years after entry, $7,841/yr above the $48,360 high-school baseline, clearing the total in 16.8 years — a 20-year net return of $25,188, a slow but positive payback. (Scorecard, 2026 · our math.)

Share
$32,908
Net price / yr
Scorecard, 2026
$56,201
Median earnings, 10 yrs
Scorecard, 2026
16.8 yrs
Payback
Our math, 2026
76%
Admission rate
Scorecard, 2026
Wartburg College: cost, earnings and payback
MeasureValueSource
Net price (after aid)$32,908/yrScorecard, 2026
Total net cost (4 yrs)$131,632our math
Median earnings, 10 yrs after entry$56,201Scorecard, 2026
Earnings premium over HS baseline$7,841/yrour math
Median debt (completers)$27,000Scorecard, 2026
Payback16.8 yrsour math
20-year net return$25,188our math

College Scorecard (2026 release), institution-level · payback and returns are our math.

How we compute this. Payback = total net cost ÷ annual earnings premium, where the premium is median earnings 10 years after entry minus the $48,360 baseline (BLS 2024 median for a high-school-diploma worker 25+). Total net cost = net price × 4 years. We do not discount future dollars. The institution-wide earnings figure blends every major — a specific program's payback can be far better or worse. Full method on the methodology page.