Analysis
A debt load of $25,421 may seem manageable until you compare it to what other Applied Mathematics programs in North Carolina deliver. Similar programs across the state typically produce first-year earnings around $75,105—nearly $14,000 more than the $60,930 figure derived from national peers for Elon. That's not a trivial gap. While a debt-to-earnings ratio of 0.42 sits comfortably below the warning threshold, you're looking at roughly $282 in monthly debt payments against starting salaries that appear to lag behind what's typical for North Carolina math graduates.
The challenge here is that we're working with estimates pulled from national comparables rather than actual outcomes from Elon's program, which means there's real uncertainty about what this specific credential produces. What we do know: North Carolina's strong quantitative job market typically rewards Applied Mathematics graduates well, yet this program's estimated earnings sit at the national median rather than capturing that regional advantage. For a private institution charging enough to generate $25,000+ in debt, you'd hope to see stronger earning potential—or at least evidence that graduates are matching their in-state peers.
Before committing, press the school for actual placement data and starting salaries from recent graduates. The estimates suggest acceptable but not exceptional value, and you need concrete evidence that Elon's program specifically delivers outcomes worth the investment over lower-debt alternatives in the state.
Where Elon University Stands
Earnings vs. debt across all applied mathematics bachelors's programs nationally
Compare to Similar Programs in North Carolina
Applied Mathematics bachelors's programs at peer institutions in North Carolina (5 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $44,536 | $60,930* | — | $25,421* | — | |
| $8,989 | $75,105* | $104,439 | $15,300* | 0.20 | |
| National Median | — | $60,930* | — | $21,393* | 0.35 |
Career Paths
Occupations commonly associated with applied mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Actuaries
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
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 Elon University, approximately 9% 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 44 similar programs. Actual outcomes may vary.