Analysis
With physics bachelor's degrees in Indiana ranging from modest to promising earnings, Goshen College's program faces a data challenge that makes direct comparison difficult. The national benchmark of $47,670 suggests physics graduates typically command reasonable first-year salaries, but Indiana's own median sits much lower at $30,203—a gap that highlights how location and program strength matter significantly in this field. Without reported outcomes from Goshen itself, we're working from these broader patterns.
The estimated debt load of $23,120 aligns closely with both national and state norms for physics programs, resulting in a debt-to-earnings ratio under 0.5 if national patterns hold true. That's manageable territory. However, the uncertainty here is real: Goshen's actual outcomes could mirror either the stronger national pattern or Indiana's more modest median. The school's 89% admission rate and middle-range test scores suggest it serves a broader student population than Indiana's flagship program at Purdue, which may affect competitive positioning in the physics job market.
For parents, the practical question is whether this program justifies the investment without concrete outcome data. If your child is committed to physics and values Goshen's smaller environment, the estimated debt burden isn't prohibitive. But given that Indiana physics graduates often earn considerably less than the national median, ask the school directly about where their physics graduates land—graduate school acceptance rates, specific employers, or alumni you could contact. Without that visibility, you're making this decision with limited certainty about the return.
Where Goshen College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Indiana
Physics bachelors's programs at peer institutions in Indiana (26 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,760 | $47,670* | — | $23,120* | — | |
| $9,992 | $30,203* | — | $21,948* | 0.73 | |
| 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 Goshen College, approximately 37% 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 75 similar programs. Actual outcomes may vary.