Analysis
Indiana Wesleyan's online Biblical Studies program commands premium pricing—$38,685 in median debt versus a national median of $25,000—while graduates see their earnings actually drop 11% by year four. That earnings decline from $46,674 to $41,595 is unusual and worth understanding: it may reflect graduates transitioning into ministry roles that prioritize calling over compensation, or it could signal limited career advancement in this field.
The program does outperform nationally, landing in the 95th percentile for earnings compared to other Biblical Studies programs. However, within Indiana specifically, it sits at the median—meaning students are paying above-national-average debt for what amounts to typical in-state outcomes. The debt-to-earnings ratio of 0.83 isn't catastrophic, but it's heavier than ideal for a degree that typically leads to ministry or religious education roles rather than high-paying careers.
For families where ministry is the clear calling, this represents a known tradeoff: higher debt in exchange for solid preparation and institutional support. But if your child is uncertain about their path or considering Biblical Studies as a general liberal arts degree, the combination of premium debt and declining earnings warrants serious conversation about alternatives—including less expensive in-state options that produce similar graduate outcomes.
Where Indiana Wesleyan University-National & Global Stands
Earnings vs. debt across all bible/biblical studies bachelors's programs nationally
Earnings Distribution
How Indiana Wesleyan University-National & Global 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-National & Global | $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-Marion | $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 |
|---|---|---|---|---|---|
| $8,216 | $46,674 | $41,595 | $38,685 | 0.83 | |
| $31,168 | $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-National & Global, approximately 48% 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.