Analysis
A debt-to-earnings ratio of 0.27 represents a relatively comfortable financial position for recent statistics graduates—based on comparable programs in Michigan, first-year earnings around $63,600 should allow monthly loan payments to remain manageable even on entry-level salaries. The estimated $16,875 in debt sits well below both the state median ($25,625) and national median ($20,150) for statistics bachelor's programs, suggesting Calvin keeps borrowing in check. These peer programs typically produce earnings that match or exceed the national median of $59,718, putting Michigan statistics graduates in competitive territory.
What's less certain is how Calvin's specific program compares to the state's top performers. Michigan's 13 statistics programs show considerable variation—Grand Valley State's graduates earn notably less than those from Michigan State or University of Michigan, all three of which report actual outcomes. Without Calvin's own graduate data, parents can't know whether the program clusters with the higher or lower earners in the state. The low debt estimate is encouraging, but it's derived from similar-sized private institutions nationally rather than Calvin's actual borrowers.
The fundamentals look reasonable: statistics remains a valued quantitative field, the estimated debt burden is modest, and Michigan programs generally produce solid outcomes. However, before committing, contact Calvin's career services to ask what employers actually hire their statistics graduates and what those students earn in their first jobs out of college.
Where Calvin University Stands
Earnings vs. debt across all statistics bachelors's programs nationally
Compare to Similar Programs in Michigan
Statistics bachelors's programs at peer institutions in Michigan (13 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $38,670 | $63,649* | — | $16,875* | — | |
| $17,228 | $64,371* | $98,758 | $23,250* | 0.36 | |
| $15,988 | $63,649* | $81,993 | $25,625* | 0.40 | |
| $14,628 | $43,668* | $65,601 | $27,000* | 0.62 | |
| National Median | — | $59,718* | — | $20,150* | 0.34 |
Career Paths
Occupations commonly associated with statistics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Actuaries
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
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 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.