Median Earnings (1yr)
$47,185
89th percentile (60th in WI)
Median Debt
$25,954
At national median
Debt-to-Earnings
0.55
Manageable
Sample Size
45
Adequate data

Analysis

Carthage College produces some of the highest-earning new teachers in the country, with first-year graduates earning $47,185—placing them in the 89th percentile nationally and well above both the national median ($41,809) and Wisconsin's median ($44,453). That's strong compensation right out of the gate, comparable to what graduates from Wisconsin Lutheran and UW-Madison achieve. The debt load of $25,954 is manageable, sitting just below state and national medians with a debt-to-earnings ratio of 0.55.

The challenge surfaces after year one: earnings drop to $42,777 by year four, a 9% decline that's uncommon in teaching careers, which typically see gradual raises. This backward trajectory likely reflects graduates moving between districts, taking time off, or working part-time rather than an inherent flaw in the program. It's worth asking whether Carthage's network keeps graduates in higher-paying initial placements that don't always last, or whether this simply reflects the volatility of early teaching careers.

For families focused on immediate job prospects and reasonable debt, Carthage delivers. The program produces teachers who start strong financially, and if your child secures that first position and stays in education, the initial earnings advantage creates real breathing room. Just understand that the four-year data suggests career paths may vary more than the solid start implies.

Where Carthage College Stands

Earnings vs. debt across all teacher education and professional development, specific levels and methods bachelors's programs nationally

Carthage CollegeOther teacher education and professional development, specific levels and methods 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 $47k, placing them in the 89th percentile of all teacher education and professional development, specific levels and methods bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Wisconsin

Teacher Education and Professional Development, Specific Levels and Methods bachelors's programs at peer institutions in Wisconsin (27 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carthage College$47,185$42,777$25,9540.55
Wisconsin Lutheran College$49,485$27,0000.55
Edgewood College$46,458$46,347$27,0000.58
University of Wisconsin-Madison$45,906$45,157$23,0000.50
Marquette University$45,806$46,059$23,2500.51
Carroll University$45,253$44,620$27,0000.60
National Median$41,809$26,0000.62

Other Teacher Education and Professional Development, Specific Levels and Methods Programs in Wisconsin

Compare tuition, earnings, and debt across Wisconsin schools

SchoolIn-State TuitionEarnings (1yr)Debt
Wisconsin Lutheran College
Milwaukee
$35,080$49,485$27,000
Edgewood College
Madison
$34,850$46,458$27,000
University of Wisconsin-Madison
Madison
$11,205$45,906$23,000
Marquette University
Milwaukee
$48,700$45,806$23,250
Carroll University
Waukesha
$37,230$45,253$27,000

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 45 graduates with reported earnings and 56 graduates with debt data. Small samples may not be representative.