Analysis
Michigan's mathematics bachelor's programs show substantial variation in first-year outcomes, with U-M grads commanding nearly $81,000 while others cluster in the mid-$40s. Based on similar programs across the state, Calvin's mathematics majors likely earn around $48,000 in their first year—right at the state median and nearly matching the national figure. The estimated debt of $21,750 creates a manageable 0.45 ratio, meaning roughly half a year's salary to repay, which is reasonable for a STEM field.
The financial picture appears solid on paper, though the reality here is we're working with peer program estimates rather than Calvin's actual graduate outcomes. What matters most is understanding that mathematics degrees serve multiple pathways—some grads head directly into industry roles (actuarial work, data analysis, software) while others pursue teaching or graduate study. The first-year earnings reflect this split, and your child's specific career direction will matter more than these aggregated figures suggest.
For a family comfortable with $22,000 in debt, this represents a defensible investment in a versatile degree. The math is sound enough to move forward, but have concrete conversations about post-graduation plans. Teaching positions versus corporate analytics roles can mean vastly different starting salaries, and those career choices will ultimately determine whether this program delivers value beyond what these estimates can tell you.
Where Calvin University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Michigan
Mathematics bachelors's programs at peer institutions in Michigan (31 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $38,670 | $47,951* | — | $21,750* | — | |
| $17,228 | $80,676* | $97,139 | $21,589* | 0.27 | |
| $15,988 | $47,951* | $54,324 | $21,500* | 0.45 | |
| $14,628 | $45,349* | $46,279 | $27,000* | 0.60 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 Calvin University, approximately 14% 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 3 similar programs in MI. Actual outcomes may vary.