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
Earnings Distribution
How Indiana State University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Indiana State University | $41,038 | $36,998 | -10% |
| University of North Carolina at Chapel Hill | $32,880 | $57,343 | +74% |
| University of Houston | $52,799 | $55,639 | +5% |
| The University of Texas Rio Grande Valley | $56,373 | $55,090 | -2% |
| Indiana University-Bloomington | $15,911 | $35,918 | +126% |
Compare to Similar Programs in Indiana
Music bachelors's programs at peer institutions in Indiana (32 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,992 | $41,038 | $36,998 | $27,000 | 0.66 | |
| $35,420 | $31,373 | — | — | — | |
| $11,790 | $15,911 | $35,918 | $20,769 | 1.31 | |
| National Median | — | $26,036 | — | $26,000 | 1.00 |
Career Paths
Occupations commonly associated with music graduates
Art, Drama, and Music Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Music Directors and Composers
Sound Engineering Technicians
Musicians and Singers
Disc Jockeys, Except Radio
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.