Analysis
Similar economics programs across Michigan suggest first-year earnings around $49,200βprecisely where Aquinas appears to land based on comparable peer institutions. With estimated debt of $27,000, that creates a manageable 0.55 debt-to-earnings ratio, meaning graduates would owe about half their first-year salary. That's workable, though not exceptional.
The real question is whether Aquinas provides the same economic returns as Michigan's flagship programs. University of Michigan graduates earn $68,000 right out of the gate, while even regional universities like Grand Valley State hit $54,000. If these estimates hold, Aquinas students start nearly $20,000 behind state peers in their first yearβa gap that compounds over time. For a small liberal arts college, that positioning makes sense, but families should understand they're not getting Big Ten economics outcomes at a regional price point.
The borrowing level sits at Michigan's typical range for this degree, so you're not taking on unusual risk. But with 71% of applicants admitted and modest test scores, Aquinas serves a different student than Michigan State or U-M. If your child thrives in smaller settings and wouldn't gain admission to those larger programs anyway, the estimated numbers suggest reasonable value. If they could compete at GVSU or MSU, however, those schools' track records show meaningfully higher starting salaries that could offset any cost differences within a few years.
Where Aquinas College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Michigan
Economics bachelors's programs at peer institutions in Michigan (22 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $38,520 | $49,211* | β | $27,000* | β | |
| $17,228 | $68,416* | $87,800 | $19,690* | 0.29 | |
| $15,988 | $54,013* | $71,300 | $24,250* | 0.45 | |
| $14,628 | $53,985* | $58,840 | $27,000* | 0.50 | |
| $14,297 | $50,648* | $73,856 | $24,681* | 0.49 | |
| $14,944 | $49,665* | $70,842 | $28,381* | 0.57 | |
| National Median | β | $51,722* | β | $22,816* | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
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 Aquinas College, approximately 23% 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 median of 10 similar programs in MI. Actual outcomes may vary.