The Omega
Studios' School of Applied Arts & Sciences
For-profit College in Rockville, MD. Median 10-year earnings $46,719.
The median ten-year earnings figure of $46,719 sits near the national middle rather than at either extreme. Graduates leave owing a median of $5,500 — modest by four-year standards.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.12 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
No six-year graduation rate is reported for this institution, which is common for schools whose students are mostly part-time, transfer in, or enroll in short programs that the federal cohort measure does not track. Its absence is not itself a bad sign, but it does remove the clearest completion signal. Retention is strong at 86%, and first-year attrition is where most degrees are lost. A 5:1 ratio points to small classes and accessible faculty. Being a for-profit short-program school 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 99 degree- or certificate-seeking undergraduates
Net price averages $52,583 annually, so cost is the first thing to weigh here. The gap between the $0–30k and $110k+ bands is narrow ($55,779 versus $59,652), meaning aid is not strongly need-weighted. Grant aid reaches 57% of students at an average of $2,899. Federal borrowing reaches 40% of students.
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 · 57 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 | $55,779 |
| $30–48k | $54,232 |
| $48–75k | $56,032 |
| $75–110k | $41,533 |
| $110k+ | $59,652 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 40 of these 99 students, totalling $339,675 — an average of $8,492 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Montgomery County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
Accreditation Issue, Heightened Cash Monitoring (Financial Responsibility); Accreditation Issue; School placed on Heightened Cash Monitoring
VA GI Bill Comparison Tool (Veterans Affairs GIDS)