Analysis
A debt load of roughly $22,000 against first-year earnings near $41,000 creates a manageable financial foundation—the 0.53 debt-to-earnings ratio falls comfortably within reasonable territory. But these figures come from peer programs rather than Elon's actual graduates, and the broader context raises questions about value. Similar mathematics programs in North Carolina cluster tightly around $41,000 in starting earnings, trailing the $49,000 national median by about 16%. More striking is the comparison within the state itself: Duke mathematics graduates start near $121,000, while UNC-Chapel Hill and NC State graduates launch careers in the mid-$40,000s to low-$50,000s. When peer programs suggest earnings that match the state median exactly—which itself lags significantly behind national outcomes—parents should understand they may be paying private university prices for outcomes typical of state institutions.
The practical consideration here is whether Elon's smaller program size (which necessitates these estimates) translates to advantages that justify potential tuition differences compared to larger North Carolina public universities. The debt itself won't be crushing, but if you're considering Elon over NC State or UNC-Charlotte—where actual reported earnings hover in similar territory—you'll need campus-specific reasons beyond the mathematics degree itself to justify the choice.
Where Elon University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in North Carolina
Mathematics bachelors's programs at peer institutions in North Carolina (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $44,536 | $40,888* | — | $21,750* | — | |
| $65,805 | $121,088* | $99,927 | $13,000* | 0.11 | |
| $8,989 | $53,402* | $87,301 | $14,500* | 0.27 | |
| $8,895 | $43,585* | — | $21,256* | 0.49 | |
| $7,214 | $42,740* | $57,150 | $25,000* | 0.58 | |
| $7,361 | $40,888* | $50,943 | $21,500* | 0.53 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 9 similar programs in NC. Actual outcomes may vary.