Analysis
An estimated debt load of about $16,000 for an associate degree is manageable territory, but the earnings picture tells a more complicated story. While comparable accounting programs nationally suggest first-year earnings around $37,000, Illinois programs typically do better—the state median sits at $45,770, with schools like College of DuPage placing graduates near $48,000. That gap matters when you're looking at a program serving a community where 43% of students rely on Pell grants.
The debt-to-earnings ratio of 0.43 appears reasonable at face value, but it's based on national peer programs rather than actual outcomes for Carl Sandburg graduates. If this program's alumni follow the Illinois trend instead, those figures could look considerably better. The question is whether this program connects students to the higher-paying accounting opportunities that clearly exist in the state, or whether Galesburg's rural location limits access to those employers.
For families weighing this option, the key issue isn't the debt—it's modest for a two-year degree—but whether graduates can reach the $40,000+ range that similar Illinois programs achieve. Contact the program directly to learn where recent graduates have landed jobs and what those starting salaries look like. Without school-specific outcomes, you're making a bet on whether Carl Sandburg's placement network matches the state's stronger performers.
Where Carl Sandburg College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Illinois
Accounting associates's programs at peer institutions in Illinois (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $5,300 | $37,001* | — | $15,979* | — | |
| $4,320 | $47,775* | — | $17,284* | 0.36 | |
| $13,546 | $43,765* | $44,358 | $23,823* | 0.54 | |
| National Median | — | $37,000* | — | $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 Carl Sandburg College, approximately 43% 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.