Analysis
An estimated $16,000 in debt for an Associate's in Accounting represents a manageable financial commitment, particularly when measured against the roughly $37,000 starting salary that peer programs nationally suggest. That debt-to-earnings ratio of 0.43 is reasonable—substantially lower than many career-focused degrees—and the total would be manageable even if earnings came in at the lower end of the spectrum.
The challenge is Alaska itself. The single in-state program with reported data shows first-year earnings above $42,000, suggesting that accounting jobs in Alaska's remote economy may pay considerably more than the national typical graduate earns. Ilisagvik serves the North Slope Borough, where cost of living and local demand could push earnings higher—or where limited opportunities could constrain them. Without actual outcomes data from this specific program, it's impossible to know whether graduates stay in the region and benefit from Alaska's wage premium, or whether they face different employment realities.
For your child, the question is less about whether accounting credentials are worthwhile—they typically are—and more about what happens after graduation in Barrow. If they plan to remain in Alaska's unique market, the debt load is conservative enough to absorb potential variation in outcomes. If they're uncertain about staying or the program's local placement success, the lack of reported data means you're making this investment with limited visibility into how this particular program performs.
Where Ilisagvik College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Alaska
Accounting associates's programs at peer institutions in Alaska (7 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $5,260 | $37,001* | — | $15,979* | — | |
| — | $42,749* | $41,107 | $20,000* | 0.47 | |
| National Median | — | $37,000* | — | $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 Ilisagvik College, approximately 11% 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.