Analysis
A debt-to-earnings ratio of 0.49 suggests manageable finances for a physics bachelor's degree, though the underlying figures come with significant uncertainty. Based on comparable physics programs nationally, graduates might expect around $47,670 in first-year earnings against roughly $23,400 in debt—numbers that align closely with national medians for the field. However, Michigan's physics programs show wide variation, with University of Michigan grads earning $53,000 while Michigan State reports just $33,400, illustrating how much local outcomes can differ from national patterns.
The real question is where Eastern Michigan falls within Michigan's range. Physics programs typically feed into research positions, engineering roles, or graduate school, and first-year earnings often depend heavily on which path students take. The estimated debt burden is reasonable if those earnings materialize, but without actual graduate outcome data from this specific program, you're making a bet on whether Eastern Michigan's physics track record resembles the national average or skews toward the lower Michigan figures. Given the school's 81% admission rate and modest SAT scores, it likely serves a different student population than Ann Arbor, which may affect both graduate school placement and industry connections.
If your child is serious about physics, direct outreach to the department about graduate school acceptance rates and employer relationships would reveal far more than these estimates can. The numbers aren't alarming, but they're too uncertain to rely on alone.
Where Eastern Michigan University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Michigan
Physics bachelors's programs at peer institutions in Michigan (25 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $15,510 | $47,670* | — | $23,424* | — | |
| $17,228 | $53,019* | $73,202 | $22,250* | 0.42 | |
| $15,988 | $33,400* | $59,536 | $27,000* | 0.81 | |
| 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 Eastern Michigan University, approximately 37% 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.