Analysis
Based on comparable accounting programs in Iowa, this bachelor's degree tracks close to the state median—$59,252 in estimated first-year earnings against roughly $27,000 in debt. That 0.46 debt-to-earnings ratio sits comfortably within the range financial experts recommend, meaning graduates could realistically pay down their loans within a few years of entering the workforce. Nationally, Iowa accounting programs tend to outpace the median by about $5,500, and these estimates suggest Graceland's program aligns with that state advantage.
The challenge is context: we're working with estimates here because the school's graduate cohort is too small for the Department of Education to publish actual outcomes. The top-performing Iowa programs—Drake, University of Iowa, Wartburg—report first-year earnings in the $61,000 to $66,000 range with actual graduate data. Whether Graceland's outcomes match, exceed, or fall short of that $59,000 estimate remains unclear. For a school serving a substantial Pell-eligible population (45%), that uncertainty matters—families counting every dollar need confidence their investment will pay off.
The numbers suggest a manageable financial outcome if graduates hit the state median. But without verified data showing Graceland's specific track record, you're betting on an average rather than evaluating this program's actual performance. Before committing, ask the admissions office directly about graduate placement rates and typical starting salaries for their accounting alumni.
Where Graceland University-Lamoni Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Iowa
Accounting bachelors's programs at peer institutions in Iowa (23 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $33,220 | $59,252* | — | $27,000* | — | |
| $49,944 | $65,922* | $75,593 | $20,500* | 0.31 | |
| $10,964 | $65,373* | $77,201 | $22,500* | 0.34 | |
| $51,040 | $61,529* | $68,921 | $26,840* | 0.44 | |
| $38,298 | $61,147* | $70,373 | —* | — | |
| $9,728 | $61,088* | $71,359 | $21,525* | 0.35 | |
| National Median | — | $53,694* | — | $25,000* | 0.47 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
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 Graceland University-Lamoni, approximately 45% 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 17 similar programs in IA. Actual outcomes may vary.