Analysis
A biochemistry degree from a small liberal arts college like Erskine carries an estimated $25,489 in debt—about average for the field nationally—but the earnings picture deserves scrutiny. Similar biochemistry programs nationally suggest first-year earnings around $38,000, which would put Erskine's outcomes roughly on par with the national median. However, South Carolina's biochemistry market tells a different story: the state median sits at just $25,942, with even flagship programs like USC-Columbia ($23,763) and Clemson ($28,120) producing modest early earnings for graduates who stay in-state.
The estimated debt-to-earnings ratio of 0.67 appears manageable on paper, but remember this assumes national-level outcomes. If graduates remain in South Carolina—where 40% of Erskine's students receive Pell grants and may have stronger ties to the region—they could face a tougher financial equation. The gap between national expectations ($38,000) and South Carolina reality ($26,000) is substantial, potentially adding years to debt repayment if career opportunities keep them local.
For families considering this program, the key question is whether your student plans to pursue graduate education (common in this field and often necessary for higher earnings) or will seek immediate employment after graduation. If staying in South Carolina for work, prepare for the lower regional wage structure. The debt load isn't extreme, but it becomes more burdensome if first-year earnings land closer to the state median than the national one.
Where Erskine College Stands
Earnings vs. debt across all biochemistry, biophysics and molecular biology bachelors's programs nationally
Compare to Similar Programs in South Carolina
Biochemistry, Biophysics and Molecular Biology bachelors's programs at peer institutions in South Carolina (12 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $36,710 | $38,037* | — | $25,489* | — | |
| $15,554 | $28,120* | — | $22,875* | 0.81 | |
| $12,688 | $23,763* | — | $26,300* | 1.11 | |
| National Median | — | $38,036* | — | $23,000* | 0.60 |
Career Paths
Occupations commonly associated with biochemistry, biophysics and molecular biology graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Biochemists and Biophysicists
Medical Scientists, Except Epidemiologists
Microbiologists
Biological Science Teachers, Postsecondary
Biological Technicians
Food Science Technicians
Biological Scientists, All Other
Bioinformatics Scientists
Molecular and Cellular Biologists
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 Erskine College, approximately 40% 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 136 similar programs. Actual outcomes may vary.