Analysis
Carrying debt of roughly $16,000 to earn an estimated $37,000 in your first year creates a manageable starting pointβa debt-to-earnings ratio of 0.43 sits comfortably below the 1.0 threshold that typically signals financial stress. For context, these figures come from national medians across similar two-year accounting programs, as ASU's graduate cohort was too small for the Department of Education to report specific outcomes.
The estimated earnings align with what accounting associate's programs produce nationally, suggesting this credential delivers on its practical promise. Arkansas State serves a substantial population of Pell Grant recipients (37%), and the combination of accessible admission, moderate estimated debt load, and alignment with national earning norms points to a program designed for workforce entry rather than extended education. The real question is whether your child plans to stop at the associate's or continue toward a bachelor'sβmany accounting employers increasingly prefer four-year degrees for advancement beyond bookkeeping roles.
For families focused on immediate employment with limited debt exposure, these estimates suggest a reasonable trade-off. Just remember that without school-specific data, you're making this decision based on what comparable programs typically deliver, not on Arkansas State's actual track record with its accounting graduates.
Where Arkansas State University Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs Nationally
Accounting associates's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $7,754 | $37,001* | β | $15,979* | β | |
| $2,550 | $58,469* | $44,916 | $22,215* | 0.38 | |
| $8,216 | $52,576* | $50,545 | $24,956* | 0.47 | |
| $31,168 | $52,576* | $50,545 | $24,956* | 0.47 | |
| $5,050 | $49,685* | $48,712 | β* | β | |
| $6,270 | $48,832* | β | $19,254* | 0.39 | |
| National Median | β | $37,000* | β | $19,354* | 0.52 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
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 Arkansas State University, approximately 37% 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 118 similar programs. Actual outcomes may vary.