Analysis
Compared to other biomedical engineering programs in North Carolina, Elon appears positioned in the middle tier. Similar programs in the state suggest first-year earnings around $70,200, which matches what both UNC-Chapel Hill and Duke graduates reportedly earn, though it trails NC State's $74,000. The estimated debt load of $26,200 is more concerning—it's 56% higher than the typical $16,800 that NC biomedical engineering graduates carry. That difference matters because Elon is a private institution where tuition drives up borrowing, even as career outcomes appear similar to the state's public flagships.
The 0.37 debt-to-earnings ratio sits in reasonable territory for an engineering degree, meaning graduates would owe roughly four months of their first-year salary. But here's the practical issue: you're potentially paying private school premiums for outcomes that mirror what students get at NC State or UNC-Chapel Hill, both of which typically come with substantially less debt. The question becomes whether Elon's smaller class sizes and different campus experience justify that extra $10,000 in loans when the engineering job market largely rewards the credential itself.
If your child is already committed to Elon for other reasons and biomedical engineering is their path, the estimated numbers suggest a manageable financial outcome. But if you're choosing between schools specifically for this major, the data points to cheaper in-state alternatives that produce comparable—or better—career results with less debt burden.
Where Elon University Stands
Earnings vs. debt across all biomedical/medical engineering bachelors's programs nationally
Compare to Similar Programs in North Carolina
Biomedical/Medical Engineering bachelors's programs at peer institutions in North Carolina (5 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $44,536 | $70,217* | — | $26,237* | — | |
| $8,895 | $74,016* | $92,574 | $18,638* | 0.25 | |
| $8,989 | $70,561* | — | $15,000* | 0.21 | |
| $65,805 | $69,873* | $100,584 | $13,894* | 0.20 | |
| $6,748 | $52,948* | — | $30,743* | 0.58 | |
| National Median | — | $64,660* | — | $23,246* | 0.36 |
Career Paths
Occupations commonly associated with biomedical/medical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Bioengineers and Biomedical Engineers
Engineering Teachers, Postsecondary
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 median of 4 similar programs in NC. Actual outcomes may vary.