Analysis
Computer science programs across Indiana show dramatic variation in outcomes, with top programs producing graduates earning $100,000+ while others cluster around $68,000. Franklin College appears to fall into this middle tier—similar programs in the state suggest first-year earnings around $68,500, which is respectable for a CS degree but trails national medians by about $2,500 and sits well below Indiana's flagship programs.
The estimated debt load of $26,500 keeps this investment manageable. With a debt-to-earnings ratio of 0.39, graduates from comparable programs would owe roughly five months of their first-year salary—a sustainable burden that shouldn't derail loan repayment or other financial goals. This compares favorably to both state and national CS debt levels, suggesting Franklin maintains reasonable costs despite its private college status.
The crucial question is whether Franklin's smaller program (hence the suppressed data) provides advantages that offset the earnings gap with larger universities. If your child thrives in intimate academic settings and values direct faculty access, the $20,000-30,000 earnings differential compared to Purdue or IU might be worth it. But if maximizing starting salary is the priority, those flagship programs have proven track records. The debt burden here won't sink anyone, but the earnings ceiling appears lower than at Indiana's research universities.
Where Franklin College Stands
Earnings vs. debt across all computer science bachelors's programs nationally
Compare to Similar Programs in Indiana
Computer Science bachelors's programs at peer institutions in Indiana (26 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,350 | $68,485* | — | $26,500* | — | |
| $56,674 | $100,294* | $157,625 | $24,500* | 0.24 | |
| $9,992 | $94,786* | $116,601 | $19,375* | 0.20 | |
| $11,790 | $77,909* | $91,304 | $20,417* | 0.26 | |
| $39,104 | $77,081* | $86,504 | —* | — | |
| $8,179 | $72,634* | $97,561 | —* | — | |
| National Median | — | $70,950* | — | $23,374* | 0.33 |
Career Paths
Occupations commonly associated with computer science graduates
Computer and Information Systems Managers
Computer and Information Research Scientists
Software Developers
Software Quality Assurance Analysts and Testers
Information Security Analysts
Database Architects
Data Warehousing Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Computer Programmers
Web Developers
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 13 similar programs in IN. Actual outcomes may vary.