Median Earnings (1yr)
$41,038
95th percentile (80th in IN)
Median Debt
$27,000
4% above national median
Debt-to-Earnings
0.66
Manageable
Sample Size
34
Adequate data

Analysis

Indiana State's music program stands out dramatically from the typical music degree: graduates earn $41,038 in their first year—well above the national median of $26,036 and outpacing 95% of music programs nationwide. Among Indiana's 32 music programs, it ranks in the 80th percentile, significantly ahead of even prestigious Indiana University-Bloomington ($15,911). The $27,000 debt load is perfectly aligned with national norms, creating a debt-to-earnings ratio of 0.66 that's unusually manageable for a creative field.

The concerning wrinkle is the earnings trajectory: income drops to $36,998 by year four, a 10% decline that's the opposite of what parents expect. This could reflect the realities of freelance music careers, graduates pivoting to other fields, or simply the volatility of early-career arts employment. However, even with this dip, graduates still earn well above what most music majors make nationally.

For families weighing this program, the key question is whether your child plans to leverage the degree into stable employment (music education, arts administration, studio work) rather than performance alone. The unusually strong first-year earnings suggest graduates are finding viable pathways that most music programs don't deliver. Given the moderate debt and strong comparative performance, this represents one of the better financial bets in music education—just don't expect steady upward momentum in those early years.

Where Indiana State University Stands

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

Indiana State UniversityOther music programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Indiana State University graduates compare to all programs nationally

Indiana State University graduates earn $41k, placing them in the 95th percentile of all music bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Indiana

Music bachelors's programs at peer institutions in Indiana (32 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Indiana State University$41,038$36,998$27,0000.66
University of Saint Francis-Fort Wayne$31,373———
Indiana University-Bloomington$15,911$35,918$20,7691.31
National Median$26,036—$26,0001.00

Other Music Programs in Indiana

Compare tuition, earnings, and debt across Indiana schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Saint Francis-Fort Wayne
Fort Wayne
$35,420$31,373—
Indiana University-Bloomington
Bloomington
$11,790$15,911$20,769

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 Indiana State University, approximately 39% 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.

Sample Size: Based on 34 graduates with reported earnings and 32 graduates with debt data. Small samples may not be representative.