Analysis
A $68,000 starting salary for mechanical engineering graduates falls right at Indiana's median for the field, which sounds reasonable until you consider the state's competitive landscape. Notre Dame and Purdue graduates are commanding $80,000 to $85,000 in first-year earnings—a $12,000 to $17,000 premium that compounds significantly over a career. Grace's program, based on what similar Indiana engineering programs produce, doesn't break into that top tier. The estimated debt load of $25,600 is manageable with a 0.37 debt-to-earnings ratio, but you're paying similar amounts for potentially lesser outcomes than you'd find at larger Indiana engineering schools.
The challenge here is visibility. With too few graduates for the Department of Education to report outcomes, there's no track record to scrutinize—no placement data, no employer relationships to evaluate, no alumni network to assess. Indiana has 15 mechanical engineering programs, and the ones with robust enrollment produce verifiable results. Grace's 81% admission rate and modest SAT averages suggest it serves a different student population than Purdue or Rose-Hulman, which may explain both the access and the earnings gap.
For engineering specifically, program size matters. Larger programs typically offer better lab facilities, more specialized faculty, and stronger industry connections—advantages that translate to job offers. If your child is admitted to one of Indiana's established engineering schools, that's likely the safer bet. Grace may work if location or fit is paramount, but understand you're relying on estimates rather than proven outcomes.
Where Grace College and Theological Seminary Stands
Earnings vs. debt across all mechanical engineering bachelors's programs nationally
Compare to Similar Programs in Indiana
Mechanical Engineering bachelors's programs at peer institutions in Indiana (15 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $30,034 | $68,632* | — | $25,612* | — | |
| $62,693 | $84,999* | $89,369 | $19,000* | 0.22 | |
| $9,992 | $80,374* | $85,429 | $19,937* | 0.25 | |
| $56,674 | $78,732* | $86,634 | $25,612* | 0.33 | |
| $10,449 | $69,746* | $82,354 | $26,450* | 0.38 | |
| $8,419 | $68,632* | $77,927 | $25,250* | 0.37 | |
| National Median | — | $70,744* | — | $24,755* | 0.35 |
Career Paths
Occupations commonly associated with mechanical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Aerospace Engineers
Mechanical Engineers
Fuel Cell Engineers
Automotive Engineers
Engineering Teachers, Postsecondary
Cost Estimators
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 9 similar programs in IN. Actual outcomes may vary.