Location: Hillsdale, MI•In-State Tuition: $32,092•Admission Rate: 21%•Avg SAT: 1433
Est. Earnings (1yr)
$49,211
Est. from MI median (10 programs)
Est. Median Debt
$27,000
Est. from MI median (3 programs)

Analysis

A $27,000 debt load against an estimated first-year salary of $49,211 suggests economics graduates from comparable Michigan programs face manageable repayment obligations—your child would owe roughly 55 cents for every dollar earned that first year. Based on the state median, this mirrors typical outcomes for private college economics programs in Michigan, though it's worth noting this estimate draws from just three similar institutions rather than Hillsdale's actual graduate outcomes.

The estimated earnings figure sits right at Michigan's median for economics bachelor's degrees but trails the national benchmark by about $2,500. More telling is the gap with Michigan's flagship programs: University of Michigan-Ann Arbor economics grads earn nearly $20,000 more in their first year, while even regional universities like Grand Valley State surpass this estimate by $4,000-$5,000. Hillsdale's highly selective admissions (21% acceptance rate, 1433 average SAT) and complete absence of Pell Grant recipients suggest a student body that could command stronger earnings, yet peer program data doesn't show this advantage materializing financially.

The debt-to-earnings picture isn't alarming—your child could reasonably manage these payments—but the opportunity cost matters. If your student has the credentials for Hillsdale's selective admissions, they likely have options at Michigan public universities where comparable programs demonstrate stronger earning power with similar or lower debt burdens.

Where Hillsdale College Stands

Earnings vs. debt across all economics bachelors's programs nationally

Hillsdale College (estimated ±10%)Other economics programs

Dashed lines show national medians. Upper-left = best value.

Compare to Similar Programs in Michigan

Economics bachelors's programs at peer institutions in Michigan (22 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Hillsdale CollegeHillsdale$32,092$49,211*—$27,000*—
University of Michigan-Ann ArborAnn Arbor$17,228$68,416*$87,800$19,690*0.29
Michigan State UniversityEast Lansing$15,988$54,013*$71,300$24,250*0.45
Grand Valley State UniversityAllendale$14,628$53,985*$58,840$27,000*0.50
Wayne State UniversityDetroit$14,297$50,648*$73,856$24,681*0.49
University of Michigan-DearbornDearborn$14,944$49,665*$70,842$28,381*0.57
National Median—$51,722*—$22,816*0.44
* Estimated from similar programs

Career Paths

Occupations commonly associated with economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Data Scientists

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

$112,590/yrJobs growth:Bachelor's degree

Business Intelligence Analysts

Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.

$112,590/yrJobs growth:Bachelor's degree

Clinical Data Managers

Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.

$112,590/yrJobs growth:Bachelor's degree

Statisticians

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

$104,350/yrJobs growth:Master's degree

Biostatisticians

Develop and apply biostatistical theory and methods to the study of life sciences.

$104,350/yrJobs growth:Master's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Market Research Analysts and Marketing Specialists

Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

$76,950/yrJobs growth:Bachelor's degree

Search Marketing Strategists

Employ search marketing tactics to increase visibility and engagement with content, products, or services in Internet-enabled devices or interfaces. Examine search query behaviors on general or specialty search engines or other Internet-based content. Analyze research, data, or technology to understand user intent and measure outcomes for ongoing optimization.

$76,950/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master's degree
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 Hillsdale 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 10 similar programs in MI. Actual outcomes may vary.