Analysis
A physics degree from DePaul comes with estimated debt of $23,120—slightly below what similar programs nationally report—but the bigger question is whether first-year earnings in the mid-$40,000s justify it. Comparable bachelor's physics programs across the country suggest starting salaries around $47,670, which creates a debt-to-earnings ratio just under 0.5. That's manageable on paper, but notably lower than what Illinois programs typically produce. The state median sits above $51,000, suggesting DePaul's physics graduates may face a steeper climb than their peers at other Illinois schools, where University of Illinois Urbana-Champaign physics majors report starting at that higher figure.
The challenge with physics is that many graduates need graduate school to unlock the field's real earning potential, which means this debt represents just the down payment on their education. For students planning to stop at a bachelor's degree and work immediately, these estimated figures suggest limited financial cushion in expensive Chicago—particularly if they're pursuing research positions or teaching roles rather than pivoting to engineering or data science where physics skills command higher premiums.
If your child is set on physics at DePaul, understand you're working from peer program estimates, not this school's actual track record. The financial case depends heavily on what comes next: graduate school, career pivots, or geographic moves. A physics degree is versatile, but at this estimated debt level with these projected earnings, it requires strategic career planning from day one.
Where DePaul University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Illinois
Physics bachelors's programs at peer institutions in Illinois (32 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $44,460 | $47,670* | — | $23,120* | — | |
| $16,004 | $51,019* | $60,090 | $20,500* | 0.40 | |
| 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 DePaul University, approximately 31% 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.