Analysis
Illinois accounting programs typically launch graduates into $45,000+ first-year earnings, but John Wood's estimated trajectory suggests a different reality. Peer programs nationally point to around $37,000 in first-year earnings—nearly $9,000 below the state median and roughly $10,000 behind what graduates from College of DuPage or Rasmussen earn. For an associate's degree that can lead directly to employment, that gap matters.
The estimated debt of roughly $16,000 is actually manageable compared to what similar programs nationally produce (around $19,000), and the debt-to-earnings ratio of 0.43 isn't alarming on its face. But context is everything: you're borrowing for outcomes that trail state standards by a significant margin. Whether that's due to regional employer demand in Quincy versus Chicago's suburbs or differences in program structure, the result is the same—lower earning potential in a field that usually offers solid entry-level wages.
For families where keeping costs low is paramount and local employment is the goal, this program delivers a credential without crushing debt. But if your child could access stronger accounting programs elsewhere in Illinois—even with slightly higher borrowing—the earnings difference could quickly justify that choice. The 39% Pell grant rate suggests many students here are cost-conscious; just make sure you're not trading too much future earning power for today's affordability.
Where John Wood Community College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Illinois
Accounting associates's programs at peer institutions in Illinois (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $5,700 | $37,001* | — | $15,979* | — | |
| $4,320 | $47,775* | — | $17,284* | 0.36 | |
| $13,546 | $43,765* | $44,358 | $23,823* | 0.54 | |
| National Median | — | $37,000* | — | $19,354* | 0.52 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
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 John Wood Community College, 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 118 similar programs. Actual outcomes may vary.