Analysis
Based on peer programs across Indiana, a mathematics bachelor's degree in the state produces first-year earnings around $58,764βa figure that puts this field well above the national median of $48,772 for math majors. Grace College's estimated debt load of $21,750 aligns closely with both national and state norms for this degree, creating a manageable debt-to-earnings ratio of 0.37. That means graduates could theoretically put more than a third of their first-year income toward debt without exceeding standard guidelines, which is workable territory for most families.
The challenge lies in the uncertainty. With no actual graduate outcomes available for Grace's specific program, you're relying on how other Indiana math programs performβwhich varies dramatically, from Rose-Hulman's $85,977 down to Purdue's $49,387. Grace's smaller program size and modest selectivity (81% admission rate, 1088 average SAT) suggest it may not reach the heights of highly selective competitors, but the statewide benchmark provides reasonable grounds for optimism.
If your student is committed to mathematics and Grace offers the right fit otherwise, the estimated numbers don't raise red flags. Just recognize you're making this decision with borrowed data rather than a proven track record from this particular program.
Where Grace College and Theological Seminary Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Indiana
Mathematics bachelors's programs at peer institutions in Indiana (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $30,034 | $58,764* | β | $21,750* | β | |
| $56,674 | $85,977* | $96,973 | $25,000* | 0.29 | |
| $62,693 | $65,302* | $87,725 | $19,000* | 0.29 | |
| $11,790 | $59,277* | $74,190 | $22,000* | 0.37 | |
| $8,179 | $58,764* | $55,844 | $22,388* | 0.38 | |
| $9,992 | $49,387* | β | $18,820* | 0.38 | |
| National Median | β | $48,772* | β | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 7 similar programs in IN. Actual outcomes may vary.