Analysis
Based on comparable accounting programs in Pennsylvania, this associate degree appears to deliver typical first-year earnings—around $37,700—but with higher-than-average debt. While the estimated earnings align with Pennsylvania's state median for accounting associate degrees, the projected $23,800 debt load exceeds both the state median ($17,878) and national benchmark ($19,354) by roughly $4,000 to $6,000. That gap matters when you're looking at a 0.63 debt-to-earnings ratio, meaning nearly two-thirds of a first year's salary would go toward the debt if paid in full.
The broader Pennsylvania market shows accounting associate degrees producing varied outcomes. Programs at nearby community colleges like Harrisburg Area Community College report similar earnings around $38,000, while Montgomery County Community College's graduates earn considerably more at $48,800. This variation suggests location and employer networks matter significantly for accounting jobs in the state.
For families weighing this investment, the estimated debt burden stands out as the primary concern. An extra $4,000-$6,000 in loans compared to state peers compounds over repayment, potentially adding years to becoming debt-free. Given that community colleges across Pennsylvania offer similar earnings potential with substantially less debt, exploring those alternatives—particularly schools with direct transfer agreements to four-year programs if your child wants to continue toward a bachelor's degree—would be prudent before committing to Central Penn's estimated cost structure.
Where Central Penn College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Pennsylvania
Accounting associates's programs at peer institutions in Pennsylvania (32 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $19,404 | $37,705* | — | $23,823* | — | |
| $6,270 | $48,832* | — | $19,254* | 0.39 | |
| $7,373 | $38,112* | $35,899 | $17,755* | 0.47 | |
| $4,842 | $37,297* | $36,844 | $14,874* | 0.40 | |
| $5,310 | $32,407* | — | —* | — | |
| 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 Central Penn 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 median of 4 similar programs in PA. Actual outcomes may vary.