Median Earnings (1yr)
$74,265
47th percentile (60th in WI)
Median Debt
$26,758
1% below national median
Debt-to-Earnings
0.36
Manageable
Sample Size
49
Adequate data

Analysis

Carthage's nursing graduates earn slightly above Wisconsin's median for nursing programs, landing in the 60th percentile statewide—a meaningful advantage when most students will compare in-state options. The $74,265 first-year salary paired with $26,758 in debt creates a healthy 0.36 debt-to-earnings ratio, meaning graduates can reasonably expect to manage their loan payments on a new nurse's salary.

That said, this program doesn't quite match the state's top performers. University of Wisconsin-Madison graduates earn about $1,200 more annually, and several Herzing campuses also edge ahead slightly. Carthage sits comfortably in the middle tier of Wisconsin nursing schools—not the highest earners, but well above the bottom half. The moderate sample size suggests these figures represent a stable pattern rather than an anomaly.

For families seeking an affordable path to nursing in Wisconsin, Carthage delivers solid value. The debt load is manageable, earnings support loan repayment within a reasonable timeframe, and graduates out-earn the typical Wisconsin nursing program. If your student has been admitted to UW-Madison or comparable programs, compare total costs carefully. Otherwise, Carthage represents a reliable investment that shouldn't require financial gymnastics after graduation.

Where Carthage College Stands

Earnings vs. debt across all registered nursing, nursing administration, nursing research and clinical nursing bachelors's programs nationally

Carthage CollegeOther registered nursing, nursing administration, nursing research and clinical nursing programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Carthage College graduates compare to all programs nationally

Carthage College graduates earn $74k, placing them in the 47th percentile of all registered nursing, nursing administration, nursing research and clinical nursing bachelors programs nationally.

Compare to Similar Programs in Wisconsin

Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing bachelors's programs at peer institutions in Wisconsin (28 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carthage College$74,265—$26,7580.36
Ottawa University-Milwaukee$76,207—$34,7470.46
Herzing University-Madison$75,774$70,560$43,9850.58
Herzing University-Brookfield$75,774$70,560$43,9850.58
Herzing University-Kenosha$75,774$70,560$43,9850.58
University of Wisconsin-Madison$75,513$73,330$25,0000.33
National Median$74,888—$27,0000.36

Other Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing Programs in Wisconsin

Compare tuition, earnings, and debt across Wisconsin schools

SchoolIn-State TuitionEarnings (1yr)Debt
Ottawa University-Milwaukee
Brookfield
—$76,207$34,747
Herzing University-Madison
Madison
$13,420$75,774$43,985
Herzing University-Brookfield
Brookfield
$13,420$75,774$43,985
Herzing University-Kenosha
Kenosha
$13,420$75,774$43,985
University of Wisconsin-Madison
Madison
$11,205$75,513$25,000

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 Carthage College, approximately 26% 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.

Sample Size: Based on 49 graduates with reported earnings and 46 graduates with debt data. Small samples may not be representative.