Analysis
A debt-to-earnings ratio of 0.36 suggests manageable financial positioning for this mathematics degree, though both figures come from comparable programs nationally rather than Grinnell's specific outcomes. Similar bachelor's programs in mathematics and statistics typically produce first-year earnings around $59,000, with debt loads just over $21,000—numbers that create reasonable breathing room for recent graduates entering fields like data analysis, actuarial work, or graduate school preparation.
The challenge here is visibility. Grinnell's highly selective profile (13% admission rate, 1486 average SAT) suggests strong student preparation and institutional resources, factors that often correlate with better-than-typical outcomes. Yet we're working with national medians because the math graduate cohort is too small to report publicly. This leaves parents guessing whether Grinnell's liberal arts approach and elite peer network push outcomes above the $59,000 baseline—or whether the college's rural Iowa location creates different employment patterns than programs at larger universities.
What matters most: the estimated ratio sits comfortably below the concerning 1.0 threshold, and mathematics degrees generally offer strong long-term earning trajectories. But parents paying for Grinnell's premium environment deserve better visibility into whether that investment translates to measurably different outcomes than the national median suggests.
Where Grinnell College Stands
Earnings vs. debt across all mathematics and statistics bachelors's programs nationally
Compare to Similar Programs Nationally
Mathematics and Statistics bachelors's programs at top institutions nationally
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,862 | $59,063* | — | $21,250* | — | |
| $65,739 | $102,938* | — | $19,000* | 0.18 | |
| $62,693 | $89,689* | $106,786 | $19,000* | 0.21 | |
| $60,438 | $80,154* | $121,018 | —* | — | |
| $61,992 | $59,063* | — | $24,625* | 0.42 | |
| $10,408 | $51,917* | $61,222 | $21,750* | 0.42 | |
| National Median | — | $59,063* | — | $21,750* | 0.37 |
Career Paths
Occupations commonly associated with mathematics and statistics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Mathematical Science Teachers, Postsecondary
Mathematical Science Occupations, All Other
Bioinformatics Technicians
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 Grinnell College, approximately 17% 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 national median of 7 similar programs. Actual outcomes may vary.