Analysis
Chemistry programs in Indiana cluster tightly around $42,000-43,000 in first-year earnings, and Franklin College's projected outcomes fall squarely in that middle range—comparable to IU Bloomington rather than trailing far behind flagship programs. The estimated debt load of roughly $25,000, while slightly above the state median, produces a manageable debt-to-earnings ratio of 0.59, meaning graduates would owe about seven months of their first-year salary.
The challenge here is that chemistry bachelor's degrees often serve as stepping stones to graduate school or specialized industry roles rather than endpoints in themselves. Similar programs across Indiana suggest Franklin graduates would earn near the national median for chemistry majors, but without knowing what percentage pursue advanced degrees or land in higher-paying pharmaceutical versus lower-paying lab tech roles, it's difficult to assess whether this debt level makes sense for the likely career trajectory. Chemistry careers can vary dramatically—from $35,000 quality control positions to $60,000+ pharmaceutical roles—and Franklin's smaller program size (hence the suppressed data) means individual outcomes matter more than at large state schools with hundreds of graduates establishing clear patterns.
The practical question: if your child plans to work immediately after graduation, these numbers suggest a workable if unremarkable financial outcome. If graduate school is likely, that additional debt changes the calculation considerably, and Franklin's liberal arts environment may offer fewer research opportunities than Purdue's extensive lab infrastructure.
Where Franklin College Stands
Earnings vs. debt across all chemistry bachelors's programs nationally
Compare to Similar Programs in Indiana
Chemistry bachelors's programs at peer institutions in Indiana (36 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,350 | $42,580* | — | $24,994* | — | |
| $9,992 | $47,213* | $48,715 | $19,500* | 0.41 | |
| $11,790 | $42,889* | $59,000 | $17,000* | 0.40 | |
| $10,758 | $42,677* | $42,387 | $25,000* | 0.59 | |
| $10,449 | $42,482* | $52,352 | $21,902* | 0.52 | |
| $36,136 | $40,612* | — | $23,214* | 0.57 | |
| National Median | — | $42,581* | — | $24,000* | 0.56 |
Career Paths
Occupations commonly associated with chemistry graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Computer and Information Research Scientists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Chemists
Chemistry Teachers, Postsecondary
Environmental Science Teachers, Postsecondary
Physics Teachers, Postsecondary
Environmental Scientists and Specialists, Including Health
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 Franklin College, approximately 39% 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 6 similar programs in IN. Actual outcomes may vary.