Accounting at Grace College and Theological Seminary

Grace College graduates accounting students with manageable debt loads—$19,500 is well below both the national and Indiana medians for this field—but the earnings tell a more complex story. While first-year earnings of $56,000 exceed the national average, they fall behind Indiana's median of $57,029 and trail significantly behind the state's top programs like Notre Dame ($77,000) and Purdue ($63,000). This puts Grace in the bottom half among Indiana accounting programs (40th percentile), even as it outperforms nationally.

The 18% earnings growth to nearly $66,000 by year four shows solid career progression, and the debt-to-earnings ratio of 0.35 means graduates could feasibly pay off loans within a year if they prioritized it. For families seeking an affordable accounting degree without the competitive admissions of Indiana's flagship programs, this represents a workable path into the profession.

The major caveat: this data comes from a small graduating class, so individual outcomes may vary more than at larger programs. If your child is considering Grace, the low debt burden provides important downside protection, but they'll likely need to be proactive about internships and job placement to compete with graduates from Indiana's higher-earning programs.