Analysis
A debt-to-earnings ratio of 0.45 suggests manageable financial positioning for this mathematics degree, though the figures deserve careful scrutiny. Based on comparable bachelor's programs in Michigan, first-year earnings around $48,000 align closely with the state median—meaning this program appears typical rather than exceptional for math graduates in Michigan. The estimated $21,750 in debt sits slightly below both the state and national medians for mathematics degrees, which is encouraging given Hillsdale's selective admissions profile (21% acceptance rate, 1433 average SAT).
What's harder to gauge is trajectory. The University of Michigan produces math graduates earning nearly $81,000 in their first year—almost 70% more than peer programs suggest for Hillsdale. Whether that gap reflects differences in career paths (actuarial science versus teaching, for instance), geographic sorting, or program quality remains unclear without actual outcome data from Hillsdale itself. The complete absence of Pell grant recipients signals that most families here can absorb financial risk more easily than at public institutions, but that doesn't change the math on returns.
The practical reality: if your student is genuinely passionate about mathematics and Hillsdale's educational philosophy aligns with your family's values, the estimated debt burden won't be crushing. But if the draw is primarily the institution's prestige rather than a specific interest in math, recognize that these estimated outcomes place the program squarely in the middle of the pack—not at the top tier where University of Michigan sits.
Where Hillsdale College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Michigan
Mathematics bachelors's programs at peer institutions in Michigan (31 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $32,092 | $47,951* | — | $21,750* | — | |
| $17,228 | $80,676* | $97,139 | $21,589* | 0.27 | |
| $15,988 | $47,951* | $54,324 | $21,500* | 0.45 | |
| $14,628 | $45,349* | $46,279 | $27,000* | 0.60 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 3 similar programs in MI. Actual outcomes may vary.