Puerto Rico Conservatory of Music
San Juan, Puerto Rico · Public · 78.3% acceptance rate
ROI Score: 32/100 · Poor Value
Data: 2024-25 College Scorecard release
Puerto Rico Conservatory of Music, a public institution in San Juan, scores 32 on the ROI index, placing it in Poor Value territory. The narrative here is unusual: tuition is genuinely low ($3,370 in-state, $7,260 net price) but median earnings six years after entry are only $19,000, rising marginally to $19,474 at 10 years. Earnings premium over a high-school baseline is -53.5% - meaning graduates earn substantially less than typical high-school-only earners in PR's market. That negative premium drives the algorithm to assign a 999-year payback period, which means earnings never recoup the cost of attendance on the model's assumptions. The saving graces are a 67% completion rate (good), a 47% debt-to-earnings ratio against modest median debt of $8,875, and a 70% three-year repayment rate. Enrollment is 307, Pell rate 62%, and the institution is the only conservatory-grade music school in the territory. Treat this as a regional cultural institution serving a low-cost-of-living economy where music employment runs through different channels than the Scorecard captures.
The data raises concerns about Puerto Rico Conservatory of Music
These metrics fall below the thresholds most financial advisors recommend for a sound college investment. Review them carefully before committing.
- ROI Score32/100 - Poor Value tier (below 45). Most 4-year schools we track score 60 or higher.
- Payback period>50 years - Graduates earn at or near the level of high school completers - the cost may not recoup within a working career.
Puerto Rico Conservatory of Music
Quick Numbers
| In-state tuition + fees | $3,370/yr |
| Out-of-state tuition + fees | $3,850/yr |
| Average net price | $7,260/yr |
| Total 4-year cost (net) | $29,040 |
| Median earnings (10yr post-entry) | $19,474 |
| Median earnings (6yr post-entry) | $19,000 |
| Median debt at graduation | $8,875 |
| Estimated monthly loan payment | $94 |
| Estimated payback period | >50 years |
| 6-year graduation rate | 66.7% |
| Undergraduate enrollment | 307 |
Data as of 2024-2025. Source: College Scorecard API (U.S. Department of Education).
The Full Financial Picture
The first number you'll see is the sticker price: $3,370/year ($3,850/year out-of-state). Here's the part that matters - almost nobody pays that. After grants, scholarships, and aid, the average student here pays a net price of $7,260/year, or roughly $29,040 over four years. That's the number to plan around.
What you actually pay depends a lot on what your family earns. Families making under $30,000/year pay an average of $7,144/year here, while families earning over $110,000 pay N/A/year.
Most students borrow to get here. The median graduate leaves owing $8,875 in federal loans, which works out to about $94 a month on the standard 10-year repayment plan. Hold that up against the $19,474 the typical graduate earns ten years out: the debt-to-earnings ratio comes to 0.47, comfortably manageable.
Net Price by Family Income
What families actually pay after grants and scholarships, by income bracket.
| Family Income | Avg Net Price/Year |
|---|---|
| $0 - $30,000 | $7,144 |
| $30,001 - $48,000 | $5,875 |
| $48,001 - $75,000 | $8,875 |
| $75,001 - $110,000 | N/A |
| $110,001+ | N/A |
Cost by Income Bracket Explained
Lower-income families (under $30K)
The $0-$30,000 bracket pays a net price of $7,144, and $30,001-$48,000 pays $5,875 - meaningful affordability for a music program. Even at $19,000 six-year median earnings, this lower price band keeps the cost-to-earnings ratio reasonable, particularly for students staying in PR's lower cost-of-living economy.
Middle-income families ($30K-$110K)
$48,001-$75,000 households pay $8,875 - about $3,000 more than the $30-48K band but still affordable. Inverted bracket caveat: $30,001-$48,000 pays less than $0-$30,000, suggesting an aid-leveraging anomaly worth confirming with the financial aid office. Above $75,000, net prices are not reported.
Higher-income families ($110K+)
Net price for $75,001-$110,000 and $110,001+ households is not reported in current Scorecard data. Given the institution's public mission and modest sticker price ($3,370 in-state), high-income families likely pay close to full sticker plus living costs, which is still reasonable in absolute terms but harder to justify against the $19,000 earnings figure.
Earnings by Major
Top 1 most popular majors at Puerto Rico Conservatory of Music with available earnings data.
| Major | Median Earnings | Grade |
|---|---|---|
| Music | $29,940 | F |
Earnings reflect median 4-year post-completion (or 1-year where 4-year unavailable). Grades based on debt-to-earnings ratio.
Program Analysis
Why these programs deliver their earnings outcomes.
Music
Music is the sole reported program: 37 graduates, $5,005 median first-year earnings, $29,940 four-year earnings, $12,250 median debt, a debt-to-earnings ratio of 2.448, and an F ROI grade. The first-year figure reflects gig-economy and part-time arts work typical of early-career musicians; the four-year figure shows real recovery as graduates establish teaching, performance, or music-business income streams. The F grade is an artifact of the federal model's preference for clean salary trajectories - conservatory career paths rarely look like that, and graduates often value the credential for artistic and pedagogical reasons the algorithm does not measure.
How Graduates Do
Earnings
Loan Repayment
| Metric | This School | Nat'l Avg |
|---|---|---|
| 1-year repayment | N/A | 52.0% |
| 3-year repayment | 70.3% | 62.0% |
| 5-year repayment | 42.9% | 68.0% |
| 7-year repayment | 52.9% | 72.0% |
Completion Rate
Trends Over Time
How Puerto Rico Conservatory of Music’s cost and outcomes have moved across College Scorecard releases (2009-2023).
Average Net Price
Completion Rate
Median Earnings, 10 Years After Entry (as reported)
Earnings reflect borrowers measured 10 years after entry and publish on an irregular cadence with a multi-year reporting lag, so this series shows only the years the Department of Education reported - the data is never interpolated.
Source: U.S. Department of Education College Scorecard, release years shown. Net price and completion are reported annually.
Admissions Snapshot
| Acceptance rate | 78.3% |
| Enrollment | 307 |
| Pell Grant recipients | 61.7% |
| Avg faculty salary (monthly) | $5,014 |
Admission rate is reported at 78.4%, indicating relatively open access to anyone meeting audition and academic minimums. Standardized test scores are not reported. The high admit rate combined with a strong 67% completion rate is unusual - it suggests that the audition-based filter does the selectivity work that test scores would do at a typical college, and students who clear that gate tend to follow through.
Compared to Similar Schools
Peer institutions matched by type, size, and selectivity.
Peer institutions include Escuela de Artes Plasticas y Diseno de Puerto Rico, University of Puerto Rico-Aguadilla, Institute of American Indian and Alaska Native Culture and Arts Development, Salish Kootenai College, and Ohio University Eastern Campus. The arts-and-tribal-college cluster reflects the algorithm finding similar profiles where federal earnings data understates graduate outcomes. Conservatory's 32 score sits in line with Escuela de Artes Plasticas; UPR-Aguadilla typically scores higher on the earnings axis because its general-education graduates enter broader labor markets.
| School | ROI | Net Price | 10yr Earnings |
|---|---|---|---|
| Puerto Rico Conservatory of Music (this school) | 32 | $7,260 | $19,474 |
| Dewey University-Hato Rey | 33 | $3,577 | $19,761 |
| University of Puerto Rico-Rio Piedras | 32 | $9,175 | $35,723 |
| Escuela de Artes Plasticas y Diseno de Puerto Rico | 31 | $5,669 | $21,790 |
| Universidad Politecnica de Puerto Rico | 27 | $17,540 | $47,540 |
| Universidad Pentecostal Mizpa | 27 | $6,440 | $21,410 |
Who Thrives Here
Fits Puerto Rico-resident music students pursuing performance, composition, or music education who plan to remain in the territory's arts ecosystem or use the credential as a pathway to mainland conservatory study. Enrollment of 307 keeps cohorts small, the 62% Pell rate signals an accessible institution for working-class families, and the 67% completion rate means students who enroll typically finish. The earnings ceiling reflects PR labor market reality, not poor instruction.
The Verdict: The Numbers Don't Add Up
We'll be straight with you: the numbers at Puerto Rico Conservatory of Music are a real concern. With a net cost of $7,260 per year and the typical graduate earning only $19,474 ten years out, the estimated payback period exceeds >50 years. For most students, the financial return does not justify the cost - go in with your eyes open.
What it has going for it: manageable debt relative to earnings. What to keep an eye on: weak earnings relative to cost, concerning loan repayment rates, a long payback period.
Median debt of $8,875 against $19,474 in earnings is reasonable, though your major matters a lot here. Graduates in higher-earning fields will see the better end of this.
NewsletterCollege decisions are better with data.
From CampusROI, when there is something worth acting on.
Rankings & Links
Guides & Tools
Data: College Scorecard API (U.S. Department of Education)
Vintage: 2024-2025 · Last updated: 2026-03-25
Earnings reflect median outcomes for all federal financial aid recipients. Individual results vary by major, effort, and career path.