Analysis
Ivy Tech's funeral service program sits in an unusual position: it underperforms the national median by roughly $7,000 annually, yet among Indiana's three funeral service programs, it's the middle option. With median debt of just $13,219—well below both the national median ($20,000) and state median ($15,625)—the financial risk here is genuinely modest, though that comes with an asterisk about the small graduate sample size.
The practical picture is straightforward. At $37,506 in first-year earnings and a 0.35 debt-to-earnings ratio, graduates can realistically manage their loan payments. Four years out, earnings edge up to $39,244, suggesting steady rather than explosive income growth—typical for this field. If your child is comparing Indiana options, Vincennes University shows stronger earnings ($44,581), but Ivy Tech's lower debt partly offsets that gap. The real question is whether funeral service as a career justifies any program investment, given that even top performers in this field earn modestly compared to other healthcare or technical programs.
For a student committed to this profession and planning to stay in Indiana, Ivy Tech offers an affordable entry point. Just recognize you're choosing a stable, service-oriented career with limited upside rather than a high-growth field. The low debt matters more here than the below-average earnings, but keep expectations realistic about long-term earning potential.
Where Ivy Tech Community College Stands
Earnings vs. debt across all funeral service and mortuary science associates's programs nationally
Earnings Distribution
How Ivy Tech Community College 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 |
|---|---|---|---|
| Ivy Tech Community College | $37,506 | $39,244 | +5% |
| American Academy McAllister Institute of Funeral Service | $47,982 | $59,793 | +25% |
| FINE Mortuary College | $52,580 | $56,293 | +7% |
| Tidewater Community College | $39,431 | $55,536 | +41% |
| Worsham College of Mortuary Science | $50,043 | $53,137 | +6% |
Compare to Similar Programs in Indiana
Funeral Service and Mortuary Science associates's programs at peer institutions in Indiana (3 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $4,912 | $37,506 | $39,244 | $13,219 | 0.35 | |
| $6,886 | $44,581 | — | $15,625 | 0.35 | |
| $19,800 | $35,564 | — | $20,437 | 0.57 | |
| National Median | — | $44,695 | — | $20,000 | 0.45 |
Career Paths
Occupations commonly associated with funeral service and mortuary science 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 Ivy Tech Community College, approximately 23% 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 23 graduates with reported earnings and 24 graduates with debt data. Small samples may not be representative.