Analysis
Based on peer programs nationally, this associate's degree comes with an estimated debt load of roughly $16,000โwell below both the national and Iowa medians for accounting programs. That's the good news. The challenge is that estimated first-year earnings of $37,000 fall significantly short of what Iowa's community college accounting grads typically earn. Des Moines Area Community College, for instance, reports $47,400 for its graduates, suggesting a $10,000 gap between what similar programs in the state deliver and what this program's outcomes might look like.
That earnings gap matters more than the debt advantage helps. A debt-to-earnings ratio of 0.43 looks manageable on paper, but if comparable Iowa programs are indeed producing starting salaries in the mid-$40,000s, families should understand why this program's trajectory might differ. Is it employer connections? Regional demand in the Waterloo area versus Des Moines? Without reported data for Hawkeye specifically, it's impossible to know whether these estimates reflect actual outcomes or if the program outperforms its national peers.
For families, the key question is whether this program provides the same pathway to Iowa's accounting job market as other in-state options. The debt is reasonable, but if your child can access a program with demonstrated earnings closer to $47,000, that $10,000 difference compounds quickly over a career. Ask Hawkeye directly about graduate placement rates and typical employer relationships before committing.
Where Hawkeye Community College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Iowa
Accounting associates's programs at peer institutions in Iowa (16 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $6,308 | $37,001* | โ | $15,979* | โ | |
| $5,550 | $47,400* | $46,268 | $22,250* | 0.47 | |
| National Median | โ | $37,000* | โ | $19,354* | 0.52 |
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 Hawkeye Community College, approximately 22% 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 118 similar programs. Actual outcomes may vary.