Analysis
With a debt load of roughly $23,000 and estimated first-year earnings around $48,000, Cleveland State's physics program appears financially manageable at first glance—the debt-to-earnings ratio of 0.49 is reasonable. However, physics programs in Ohio typically produce stronger outcomes. The state median for physics bachelor's graduates is $53,504, about $6,000 higher than what peer programs suggest Cleveland State graduates might earn. Ohio State, for comparison, reports actual earnings right at that state median.
That gap matters when you consider Cleveland State's open admission profile. With a 95% acceptance rate and average SAT of 980, this program draws a different student body than more selective physics programs. The question isn't whether physics is a good major—it usually is—but whether this particular program will deliver the same launch velocity. Physics degrees often lead to graduate school or specialized technical roles where the undergraduate institution's resources and recruiting connections can significantly affect outcomes.
For a family weighing this investment, the numbers suggest caution rather than a red flag. If your child is genuinely committed to physics and Cleveland State offers the right financial or geographic fit, the debt level won't be crushing. But if they're choosing between Ohio physics programs and cost isn't drastically different, the state data suggests looking at schools with stronger placement track records. The earnings gap could compound significantly over a career.
Where Cleveland State University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Ohio
Physics bachelors's programs at peer institutions in Ohio (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $12,613 | $47,670* | — | $23,424* | — | |
| $12,859 | $53,504* | $72,007 | $23,357* | 0.44 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
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 Cleveland State University, approximately 39% 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 75 similar programs. Actual outcomes may vary.