Analysis
Based on comparable programs nationally, an accounting associate's degree appears to deliver solid first-year earnings around $37,000—but Illinois programs typically perform significantly better. The state median sits at $45,770, with programs like College of DuPage placing graduates near $48,000. That $8,000-9,000 gap matters when you're paying off student loans, and it raises questions about whether this particular program connects graduates to the stronger accounting job markets in the Chicago metro area or keeps them closer to the Peoria region's more limited opportunities.
The estimated debt load of roughly $16,000 creates a manageable 0.43 ratio to first-year earnings, well below the national program median of $19,354. Similar Illinois programs carry slightly higher debt (around $20,500), so if these estimates hold true, the financial risk here is relatively contained. For a two-year degree that can open doors to bookkeeping, payroll, and entry-level accounting roles, that's not an unreasonable investment—assuming the earnings track closer to the state norm than the national one.
The real question is placement: does Illinois Central College's accounting program help graduates access the higher-paying Illinois market, or do they earn closer to national figures? Without actual outcome data for this school's graduates, you're betting on geography and program quality you can't verify. If your child plans to stay in central Illinois with its smaller employer base, that $37,000 estimate may prove realistic—but moving to the Chicago area after graduation could justify the degree's cost more clearly.
Where Illinois Central College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Illinois
Accounting associates's programs at peer institutions in Illinois (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $4,650 | $37,001* | — | $15,979* | — | |
| $4,320 | $47,775* | — | $17,284* | 0.36 | |
| $13,546 | $43,765* | $44,358 | $23,823* | 0.54 | |
| 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 Illinois Central 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.