Analysis
A physics degree from Anderson University appears manageable financially, with estimated debt of $23,120 against first-year earnings around $47,670 based on national benchmarks for similar bachelor's programs. That debt-to-earnings ratio of 0.49 suggests graduates could reasonably pay down their loans within a few years—the kind of balance sheet that lets young physicists take the entry-level research positions or graduate school opportunities they need without constant financial stress.
The catch? Indiana's physics job market looks considerably weaker than the national picture. Purdue's physics graduates—the only Indiana program with reported data—earn just $30,203 their first year out, well below what comparable programs produce nationally. This gap matters because most Anderson graduates will likely start their careers regionally. Unless you're confident your child will relocate to stronger physics markets on the coasts or near national labs, that $47,670 estimate may prove optimistic for someone staying in-state.
The practical question is whether Anderson's smaller program (hence the suppressed data) provides advantages that offset this regional disadvantage—perhaps more faculty attention, undergraduate research opportunities, or stronger grad school placement. Given the estimated debt load is reasonable but Indiana physics salaries lag significantly, your child's post-graduation plans should drive this decision. If graduate school or out-of-state employment is the goal, the numbers work. If they're planning to stay in Indiana with just a bachelor's, prepare for a tighter financial picture than these estimates suggest.
Where Anderson University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Indiana
Physics bachelors's programs at peer institutions in Indiana (26 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $35,640 | $47,670* | — | $23,120* | — | |
| $9,992 | $30,203* | — | $21,948* | 0.73 | |
| 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 Anderson University, approximately 36% 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.