Analysis
The estimated debt load of $23,120 isn't unreasonable for a physics degree, but the earnings picture deserves scrutiny. Based on national peer programs, first-year earnings around $47,670 would put this below what Illinois physics graduates typically earn—the state median sits at $51,019. That gap matters because physics degrees usually command strong starting salaries, and when they don't, the value proposition shifts considerably. A debt-to-earnings ratio of 0.49 is manageable on paper, but only if those estimated earnings materialize and if career progression follows typical physics trajectories.
The challenge here is uncertainty. With both earnings and debt figures derived from similar programs elsewhere rather than Illinois College's actual graduate outcomes, you're making a significant financial commitment based on what's essentially an educated guess. Physics programs vary widely in their emphasis—some lean theoretical, others applied—and that orientation dramatically affects job prospects. The school's 75% admission rate and mid-range SAT scores suggest this isn't a highly selective program, which can influence both the rigor of preparation and employer perception in physics-heavy fields.
If your child is drawn to physics at Illinois College specifically, dig into where recent graduates actually landed and what they're earning now. Without school-specific data, you're investing in a program that might underperform state benchmarks by several thousand dollars annually while hoping the debt estimate holds true.
Where Illinois College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Illinois
Physics bachelors's programs at peer institutions in Illinois (32 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,470 | $47,670* | — | $23,120* | — | |
| $16,004 | $51,019* | $60,090 | $20,500* | 0.40 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
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 College, approximately 35% 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 75 similar programs. Actual outcomes may vary.