Analysis
Similar accounting programs nationally suggest $37,000 in first-year earnings, but Illinois graduates typically do considerably better—the state median sits at $45,770. Elgin's students may face a significant geographic disadvantage if they're entering the same regional job market where nearby College of DuPage graduates report earning nearly $48,000. That's an $11,000 annual gap that compounds quickly over time, especially when you're carrying student debt.
The estimated $16,000 debt load is actually lighter than what most accounting associate degree holders accumulate (the national median is around $19,000). Combined with the estimated earnings figure, that produces a manageable 0.43 debt-to-earnings ratio. However, if actual outcomes track closer to peer Illinois programs, graduates could be looking at a much more favorable financial picture than these conservative national estimates suggest.
The real question is whether Elgin's program channels students into the stronger Illinois accounting market or whether structural factors keep earnings closer to the national baseline. With limited transparency due to small cohort sizes, talk directly with the school's career services office about placement rates and employer relationships. Ask specifically where their accounting graduates land jobs and what those positions typically pay—that concrete employment data matters more than any estimate.
Where Elgin Community College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Illinois
Accounting associates's programs at peer institutions in Illinois (44 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $3,180 | $37,001* | — | $15,979* | — | |
| $4,320 | $47,775* | — | $17,284* | 0.36 | |
| $13,546 | $43,765* | $44,358 | $23,823* | 0.54 | |
| 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 Elgin Community College, approximately 22% 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 118 similar programs. Actual outcomes may vary.