Analysis
Is Grove City College's economics program worth $26,000 in debt? Based on comparable Pennsylvania programs, graduates typically earn around $53,400 in their first year—right at the state median but well below what top programs produce. The estimated debt-to-earnings ratio of 0.49 suggests manageable repayment, particularly since the school admits no Pell-eligible students, indicating most families likely have additional resources beyond loans. However, that $26,000 debt load sits notably above the national median for economics programs, raising questions about whether this particular combination of cost and outcomes represents competitive value.
The earnings picture tells an important story. Pennsylvania's economics programs span an enormous range, from University of Pennsylvania's $89,000 to the state median's $53,400. Grove City's estimated outcomes land squarely in the middle tier—adequate for covering student loans but far from the six-figure starting salaries that draw many students to economics in the first place. For a school with a 1261 average SAT and 73% admission rate, these middling returns suggest the program isn't translating selectivity into outsized career placement.
Here's the practical reality: if your child attends Grove City for economics, peer data suggests they'll likely manage their debt load but won't gain significant earnings advantage over state university alternatives that might cost less. For families paying out-of-pocket, that calculation matters differently than for those taking on the full debt burden.
Where Grove City College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Pennsylvania
Economics bachelors's programs at peer institutions in Pennsylvania (49 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $20,890 | $53,396* | — | $26,368* | — | |
| $66,104 | $89,097* | $125,816 | $14,000* | 0.16 | |
| $63,829 | $86,284* | $94,093 | $22,020* | 0.26 | |
| $62,412 | $76,944* | $105,566 | $19,500* | 0.25 | |
| $60,663 | $70,967* | $83,676 | $29,000* | 0.41 | |
| $64,772 | $70,946* | $79,134 | $25,888* | 0.36 | |
| National Median | — | $51,722* | — | $22,816* | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
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 Grove City College, approximately 0% 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 22 similar programs in PA. Actual outcomes may vary.