Carnegie Institute
For-profit College in Troy, MI. Six-year graduation rate 50%. Median 10-year earnings $38,244.
Students who entered Carnegie Institute reach a median of $38,244 a decade later, a figure that trails the typical four-year outcome. The six-year graduation rate is 50%, meaning about one in two students who start do not finish. Borrowing stays contained, with median debt at graduation of $9,336.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.24 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
50% graduate within six years — average, but that average still hides a large group who do not. Retention of 67% means a meaningful slice of each entering class does not return. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. At 4:1, students get materially more instructor contact than at a typical public university. Being a for-profit two-year institution is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 103 degree- or certificate-seeking undergraduates
Students pay an average of $14,654 annually, well below typical undergraduate net price. Aid is steeply need-based: families in the $0–30k band pay $11,036 while those at $110k+ pay $21,852. Grant aid reaches 71% of students at an average of $4,723. Borrowing is widespread: 76% take federal loans.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 6 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $11,036 |
| $30–48k | $14,198 |
| $48–75k | $17,921 |
| $75–110k | — |
| $110k+ | $21,852 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 78 of these 103 students, totalling $908,437 — an average of $11,647 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Oakland County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)