Analysis
Indiana Wesleyan's Biblical Studies program charges significantly more than most comparable programs—graduates carry $38,685 in debt versus a $25,000 national median—but the first-year earnings of $46,674 justify the premium. These graduates earn 38% more than the national median for this field and rank in the 95th percentile nationally. The debt-to-earnings ratio of 0.83 is manageable, though notably higher than many programs where starting salaries can quickly outpace debt.
The real concern emerges in the earnings trajectory: graduates see their income drop 11% by year four to $41,595. This decline likely reflects the realities of ministry and nonprofit work, where early career roles may offer better compensation than subsequent positions, or where graduates transition into lower-paying service roles after initial marketplace jobs. Within Indiana specifically, this program performs at the median—60th percentile—meaning half of the state's Biblical Studies programs achieve similar or better outcomes at potentially lower cost.
For families comfortable with the university's mission and confident their student will leverage the degree into stable ministry or nonprofit leadership roles, the strong starting salary provides cushion against the higher debt load. However, parents should recognize they're paying a premium for outcomes that may not exceed what's available at other Indiana faith-based institutions, and the declining earnings pattern means aggressive debt repayment in those first few years matters more than usual.
Where Indiana Wesleyan University-Marion Stands
Earnings vs. debt across all bible/biblical studies bachelors's programs nationally
Earnings Distribution
How Indiana Wesleyan University-Marion 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 Wesleyan University-Marion | $46,674 | $41,595 | -11% |
| Freed-Hardeman University | $44,142 | $64,039 | +45% |
| Biola University | $37,518 | $44,355 | +18% |
| Dallas Baptist University | $37,958 | $42,651 | +12% |
| Indiana Wesleyan University-National & Global | $46,674 | $41,595 | -11% |
Compare to Similar Programs in Indiana
Bible/Biblical Studies bachelors's programs at peer institutions in Indiana (12 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $31,168 | $46,674 | $41,595 | $38,685 | 0.83 | |
| $8,216 | $46,674 | $41,595 | $38,685 | 0.83 | |
| National Median | — | $33,918 | — | $25,000 | 0.74 |
Career Paths
Occupations commonly associated with bible/biblical studies graduates
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 Wesleyan University-Marion, approximately 25% 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 41 graduates with reported earnings and 61 graduates with debt data. Small samples may not be representative.