Analysis
Carroll College's Applied Mathematics program appears positioned to deliver solid returns, though we're working with estimated figures here since the graduate cohort is too small for the Department of Education to report actual outcomes. Based on national benchmarks from similar programs, first-year earnings around $61,000 against roughly $25,000 in debt creates a manageable 0.42 debt-to-earnings ratio—meaning graduates would owe about 42 cents for every dollar earned in that first year.
The estimated debt load runs slightly above the national median for applied math programs ($21,393), which could reflect Carroll's private school tuition structure. However, the earnings estimate matches exactly what applied math graduates nationally achieve at the median, suggesting the program delivers competitive preparation despite the small-town Montana location. For context, top-performing applied math programs nationally push earnings into the low-$70,000s, so there's upside potential depending on career choices and geographic mobility after graduation.
The practical challenge is uncertainty. As Montana's only applied math program in this dataset, and with no reported outcomes from Carroll itself, you're investing based on what similar programs produce nationally rather than what this specific school demonstrates. If your child thrives in smaller learning environments and values Carroll's 73% admission rate and strong academic profile (1170 average SAT), the estimated numbers suggest reasonable financial viability—but recognize you're making that call without the hard evidence that larger programs provide.
Where Carroll College Stands
Earnings vs. debt across all applied mathematics bachelors's programs nationally
Compare to Similar Programs Nationally
Applied Mathematics bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $40,352 | $60,930* | — | $25,421* | — | |
| $59,076 | $114,279* | $166,324 | —* | — | |
| $68,230 | $99,193* | $125,979 | $10,000* | 0.10 | |
| $60,952 | $97,700* | — | $25,841* | 0.26 | |
| $65,997 | $94,684* | — | —* | — | |
| $69,045 | $91,559* | — | —* | — | |
| National Median | — | $60,930* | — | $21,393* | 0.35 |
Career Paths
Occupations commonly associated with applied mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Actuaries
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
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 Carroll College, approximately 18% 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 44 similar programs. Actual outcomes may vary.