Return on Investment

Return on Investment


SPA | NOLA Program is a proven cost-effective program in terms of its return in investment. Based on the data collected in 2018 Fall (37% Response Rate) on student postgraduate status update, the majority of the SPA | NOLA  graduates move to leadership roles after completing the program, with identified trends of continuous progress in their career path. Established in 2012, SPA | NOLA  has been known as a effective incubator for high performing education leaders across the country, especially in the southern region.

Salary Data

Data showed that almost all graduates have seen an annual salary increase after completing the program, with the majority indicated an increase of $10,000 to 20,000 followed by an increase of more than $50,000. Overall, SPA | NOLA  graduates expected an average annual salary increase of approximately 25,000 from one year onwards after completing the program. Annual salary continued to increase with more years out of the program, where the most average salary increase is found in graduates who completed the program in 2013.

Loan Information

In New Orleans, assuming a public school teacher receives an average annual salary of $56,781 (salary.com), and he or she receives a loan of $60,000 that covers the entire amount of SPA | NOLA tuition ($58,148). On a 10-year payment plan, a monthly payment starting at $323 with a 9.4% annual increase will pay off the loan over the course of 10 years; on a 5-year payment plan, a monthly payment starting at $829 with a 9.4% annual increase will pay off the loan over the course of 5 years.

Loan

$60,000

Interest

9%

Starting Annual Salary

$56,781

Annual Salary One Year After Program

$56,781 + $25,000 (Average SPA | NOLA Graduate Salary Increase) = $81,781

 

10-Year Payment Plan

Year

Interest

Principal

Balance

Average Monthly Payment

2019

$5,243

$3,878

$56,122

$323

2020

$4,879

$4,242

$51,880

$354

2021

$4,481

$4,640

$47,240

$387

2022

$4,046

$5,075

$42,165

$423

2023

$3,570

$5,551

$36,614

$463

2024

$3,049

$6,072

$30,543

$506

2025

$2,479

$6,641

$23,901

$553

2026

$1,856

$7,264

$16,637

$605

2027

$1,175

$7,946

$8,691

$662

2028

$429

$8,691

$0

$724


5-Year Payment Plan

Year

Interest

Principal

Balance

Average Monthly Payment

2019

$4,996

$9,950

$50,050

$829

2020

$4,063

$10,883

$39,167

$907

2021

$3,042

$11,904

$27,263

$992

2022

$1,925

$13,021

$14,242

$1,085

2023

$704

$14,242

$0

$1,187

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