Analysis
Physics programs in Minnesota cluster around $54,000 in first-year earnings, but Gustavus Adolphus falls well below that mark. While DOE suppression means we're working with national estimates of $47,670 rather than actual outcomes for Gustavus graduates, that $7,000 gap from the state median deserves attention—particularly when the University of Minnesota produces similar credentials at comparable debt levels. The $26,000 in loans sits slightly above both national and state benchmarks, creating a debt-to-earnings ratio of 0.55 that's manageable but not impressive for a STEM field.
The one encouraging signal here is the jump to $68,674 by year four, which suggests physics graduates do find their footing with time. That trajectory matters because physics degrees often serve as stepping stones to graduate programs or specialized technical roles that take longer to access. Still, parents should recognize they're paying a premium for Gustavus's liberal arts environment without clear evidence it translates to better early outcomes than the flagship state university.
The bottom line: if your child is set on physics at a smaller college, this debt level won't derail their future, but you're making that choice without the actual earnings data that would confirm whether Gustavus's approach delivers value. For families watching costs closely, the safer bet remains comparing multiple acceptance offers once you see the full financial aid packages.
Where Gustavus Adolphus College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Gustavus Adolphus College | — | $68,674 | — |
| Massachusetts Institute of Technology | $54,773 | $166,156 | +203% |
| University of California-Santa Barbara | $53,597 | $88,722 | +66% |
| Rensselaer Polytechnic Institute | $60,348 | $88,071 | +46% |
| University of Minnesota-Twin Cities | $54,350 | $57,831 | +6% |
Compare to Similar Programs in Minnesota
Physics bachelors's programs at peer institutions in Minnesota (21 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,310 | $47,670* | $68,674 | $26,000 | — | |
| $16,488 | $54,350* | $57,831 | $23,594 | 0.43 | |
| National Median | — | $47,670* | — | $23,304 | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
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 Gustavus Adolphus College, approximately 21% 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 75 similar programs. Actual outcomes may vary.