Analysis
A debt-to-earnings ratio of 0.56 suggests manageable numbers on paper, but the context here matters. Similar physics programs in Colorado produce first-year earnings around $42,000, which lags the national median of $47,700 for physics bachelor's degrees—a gap that may reflect Colorado's smaller physics job market outside major research hubs. The estimated $23,400 in debt falls right in line with national norms for physics graduates, so the financial burden itself isn't unusual.
What's less certain is whether Fort Lewis—a primarily undergraduate institution in rural Durango with an open admission policy—provides the research infrastructure and industry connections that typically boost physics graduates' early earnings. The state's top-performing programs sit at larger research universities in Fort Collins and Boulder, where graduates start closer to $52,000. Physics careers often require graduate school for meaningful advancement, which means these bachelor's earnings may represent just a stepping stone rather than a career launch point.
For families banking on Fort Lewis physics as a direct path to employment, peer program data suggests modest starting salaries that could stretch loan repayment timelines. If your child plans on graduate school anyway and values Fort Lewis's small-class environment and Colorado setting, the estimated debt load won't derail those plans. But if they need strong immediate earnings or robust research opportunities for competitive PhD admissions, larger Colorado programs have demonstrated clearer advantages.
Where Fort Lewis College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Colorado
Physics bachelors's programs at peer institutions in Colorado (13 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $9,670 | $41,874* | — | $23,424* | — | |
| $12,896 | $51,927* | — | —* | — | |
| $16,430 | $41,874* | $50,697 | $20,635* | 0.49 | |
| $12,010 | $34,373* | — | $27,000* | 0.79 | |
| 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 Fort Lewis College, approximately 36% 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 CO. Actual outcomes may vary.