Analysis
A bachelor's in chemistry from Grace College comes with an estimated debt load of nearly $25,000—slightly above the national median for chemistry programs—while similar programs in Indiana suggest first-year earnings around $42,580. That debt-to-earnings ratio of 0.59 is manageable compared to many fields, meaning graduates would owe roughly seven months of gross income. Chemistry degrees generally provide solid vocational grounding, and this estimated earnings figure sits right at Indiana's state median for the field.
The challenge is that Grace's estimated outcomes don't appear to offer an advantage over Indiana's larger research universities, where reported data shows Purdue chemistry graduates earning around $47,000 and IU-Bloomington graduates earning nearly $43,000. These flagship programs provide extensive lab infrastructure, research opportunities, and industry connections that can translate to stronger early career positioning. Chemistry employers—pharmaceutical companies, research labs, chemical manufacturers—often recruit heavily from programs with established reputations and hands-on research experience.
For a family considering Grace, the decision hinges on factors beyond these estimated numbers: the value of smaller class sizes, faith integration, and a tight-knit campus community. If those elements matter significantly to your child, the financial picture isn't prohibitive. But if maximizing career outcomes in chemistry is the priority, comparing Grace directly with schools that have documented track records would be prudent before committing.
Where Grace College and Theological Seminary 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)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $30,034 | $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 Grace College and Theological Seminary, approximately 29% 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.