Median Earnings (1yr)
$41,955
51st percentile
40th percentile in Indiana
Median Debt
$15,250
41% below national median

Analysis

Grace College's teacher education program offers half the debt of typical programs in Indiana, but parents should know the earnings trail the state median by about $1,300 annually. With just $15,250 in student loans—among the lowest 5% nationally for this degree—graduates face minimal financial pressure despite starting salaries around $42,000. That's roughly on par with the national median for teaching programs, though it lags behind Indiana's stronger performer like Butler ($50,707) and IU's regional campuses.

The debt-to-earnings ratio of 0.36 means graduates could theoretically pay off their loans in just over four months of gross salary, an unusually favorable position for new teachers. However, the 40th percentile ranking among Indiana programs suggests this isn't the strongest choice if maximizing teaching income matters. The small sample size here (under 30 graduates) makes these numbers less reliable than data from larger programs.

For families prioritizing minimal debt over top-tier earnings, Grace delivers exactly that—a teaching credential without the financial burden that often plagues education majors. But if your child could gain admission to IU-Bloomington or Butler, those programs show meaningfully higher earning potential that might justify somewhat higher debt loads.

Where Grace College and Theological Seminary Stands

Earnings vs. debt across all teacher education and professional development, specific levels and methods bachelors's programs nationally

Earnings Distribution

How Grace College and Theological Seminary graduates compare to all programs nationally

Compare to Similar Programs in Indiana

Teacher Education and Professional Development, Specific Levels and Methods bachelors's programs at peer institutions in Indiana (40 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Grace College and Theological SeminaryWinona Lake$30,034$41,955$15,2500.36
Butler UniversityIndianapolis$45,980$50,707$45,302$27,0000.53
Indiana University-NorthwestGary$8,179$48,497$43,671$31,0000.64
Franklin CollegeFranklin$37,350$47,610$27,0000.57
Indiana University-BloomingtonBloomington$11,790$46,765$44,741$23,7410.51
Indiana University-IndianapolisIndianapolis$10,449$46,744$43,547$23,0000.49
National Median$41,809$26,0000.62

Career Paths

Occupations commonly associated with teacher education and professional development, specific levels and methods graduates

Education Teachers, Postsecondary

Teach courses pertaining to education, such as counseling, curriculum, guidance, instruction, teacher education, and teaching English as a second language. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Training and Development Specialists

Design or conduct work-related training and development programs to improve individual skills or organizational performance. May analyze organizational training needs or evaluate training effectiveness.

$65,850/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Middle School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the middle, intermediate, or junior high school level.

$62,970/yrJobs growth:Bachelor's degree

Kindergarten Teachers, Except Special Education

Teach academic and social skills to kindergarten students.

$62,310/yrJobs growth:Bachelor's degree

Elementary School Teachers, Except Special Education

Teach academic and social skills to students at the elementary school level.

$62,310/yrJobs growth:Bachelor's degree

Adult Basic Education, Adult Secondary Education, and English as a Second Language Instructors

Teach or instruct out-of-school youths and adults in basic education, literacy, or English as a Second Language classes, or in classes for earning a high school equivalency credential.

$59,950/yrJobs growth:Bachelor's degree

Preschool Teachers, Except Special Education

Instruct preschool-aged students, following curricula or lesson plans, in activities designed to promote social, physical, and intellectual growth.

$37,120/yrJobs growth:Associate's degree

Postsecondary Teachers, All Other

All postsecondary teachers not listed separately.

Self-Enrichment Teachers

Teach or instruct individuals or groups for the primary purpose of self-enrichment or recreation, rather than for an occupational objective, educational attainment, competition, or fitness.

Teachers and Instructors, All Other

All teachers and instructors not listed separately.

Teaching Assistants, Preschool, Elementary, Middle, and Secondary School, Except Special Education

Assist a preschool, elementary, middle, or secondary school teacher with instructional duties. Serve in a position for which a teacher has primary responsibility for the design and implementation of educational programs and services.

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.

Sample Size: Based on 19 graduates with reported earnings and 20 graduates with debt data. Small samples may not be representative.