Analysis
A physics bachelor's degree from a small liberal arts college requires careful consideration of the investment. Based on national peer programs, Albion physics graduates might expect around $47,670 in first-year earnings with approximately $23,120 in debt—a manageable ratio of 0.49 that suggests one could theoretically pay off loans within six months to a year of gross earnings. However, comparable programs in Michigan show significant variation, with outcomes ranging from University of Michigan-Ann Arbor's $53,000 to Michigan State's $33,400, suggesting that institutional prestige and research opportunities matter considerably in this field.
The challenge with Albion's program is that we're working entirely with estimates rather than actual graduate outcomes—the small class sizes that make for intimate learning also mean the Department of Education can't publish real earnings data. Physics programs typically lead to diverse career paths (industry, research, teaching, graduate school), and a liberal arts physics degree may position students differently than programs at large research universities. Given that 45% of Albion students receive Pell grants, the debt load appears reasonable, but families should verify whether the school's specific career placement and graduate school acceptance rates justify choosing this program over larger state universities where outcomes are known and may be higher.
Without concrete data on where Albion's physics graduates actually land, you're betting on the liberal arts advantage—smaller classes, closer faculty relationships—translating to outcomes at least matching the national median. Ask the department directly about recent graduate placements.
Where Albion College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Michigan
Physics bachelors's programs at peer institutions in Michigan (25 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $55,746 | $47,670* | — | $23,120* | — | |
| $17,228 | $53,019* | $73,202 | $22,250* | 0.42 | |
| $15,988 | $33,400* | $59,536 | $27,000* | 0.81 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Albion College, approximately 45% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 75 similar programs. Actual outcomes may vary.