Graduate Earnings and Return on Investment by Program
In 2024, registered nurses in Rhode Island earned a mean annual wage of $99,770, according to the Bureau of Labor Statistics. The top 10% brought in $120,000 or more, while even the entry-level 10th percentile still earned $81,000. These figures set a high bar, and the state’s nursing programs deliver a wide range of median earnings a decade after students first enroll.
Earnings and Debt by Program
Program-level short-term earnings are not yet available, but the U.S. Department of Education’s median earnings metric, measured ten years after students begin their studies, offers a solid mid-career snapshot. Among the schools with available data, Providence College graduates top the list with median earnings of $87,054. Salve Regina University and the University of Rhode Island follow at $72,975 and $69,743, respectively. Rhode Island College ($56,318), New England Institute of Technology ($48,684), Johnson & Wales University ($43,418), and the Community College of Rhode Island ($42,659) round out the range.
Debt levels vary just as much. The Community College of Rhode Island carries the lightest load at a median of $10,920, while Providence College and Salve Regina both sit at $27,000. The University of Rhode Island’s median debt is $22,250, and Rhode Island College’s is $20,500. New England Tech’s is lower at $16,668, and Johnson & Wales is at $26,000.
ROI: How Quickly Do Programs Pay Off?
A simple earnings-to-debt ratio reveals how many times a graduate’s annual mid-career earnings cover their initial loan balance. The Community College of Rhode Island leads with a ratio of 3.9:1, meaning graduates earn nearly four times their debt each year. Providence College (3.2:1) and the University of Rhode Island (3.1:1) are close behind. New England Tech and Rhode Island College also exceed 2.7:1. Salve Regina’s ratio stands at 2.7:1, while Johnson & Wales is the weakest at 1.7:1. Lower ratios don’t necessarily signal poor value, many of these programs target different career stages and degree levels, but they do highlight how debt can shape the long-term payoff.
How Do These Figures Compare to Statewide RN Salaries?
Statewide RN wage data helps contextualize these outcomes. The $99,770 mean for all Rhode Island RNs sits above every program’s median earnings ten years out, which is expected because the BLS figure captures nurses across all experience levels, including those with advanced degrees and decades in the field. The strongest-performing programs still position graduates well above the state’s $81,000 entry-level mark, and within striking distance of the mean as careers progress. Data on the share of graduates earning above 150% of the poverty line is not yet available for these programs, so direct comparisons of economic mobility across schools cannot be made at this time.