Analysis
Elon's physics program appears positioned in the middle tier of North Carolina options, with estimated first-year earnings around $62,600—matching the state median but trailing UNC Charlotte's reported $70,000 by a meaningful margin. The $23,100 in estimated debt produces a healthy 0.37 debt-to-earnings ratio, suggesting manageable repayment regardless of whether graduates pursue industry jobs or continue to graduate school (a common path for physics majors).
What's reassuring is how peer physics programs across North Carolina demonstrate real earning power. While the estimates here are drawn from just three NC programs, they show physics graduates substantially outpacing the national median of $47,670. This makes sense given the Research Triangle's concentration of tech companies and research institutions that actively recruit physics graduates. The relatively low debt burden—comparable to the national median—means even if actual outcomes vary from these estimates, the financial foundation looks solid.
For parents evaluating this program, the key question is whether Elon's smaller physics cohort (hence the suppressed data) represents an advantage or concern. Smaller programs can mean more faculty attention and research opportunities, but they may also offer fewer course sections and less specialized equipment than larger programs. The estimated numbers suggest reasonable value, but visiting the department and asking about graduate outcomes, lab facilities, and placement records would be essential given the data limitations.
Where Elon University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in North Carolina
Physics bachelors's programs at peer institutions in North Carolina (21 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $44,536 | $62,647* | — | $23,120* | — | |
| $7,214 | $70,150* | — | $28,750* | 0.41 | |
| $8,989 | $62,647* | — | $19,200* | 0.31 | |
| $8,895 | $43,740* | — | $23,490* | 0.54 | |
| 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 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 3 similar programs in NC. Actual outcomes may vary.