Analysis
With estimated first-year earnings of $44,860 and debt around $25,000, this chemistry degree appears positioned right at Illinois's median for the field. The debt-to-earnings ratio of 0.56 suggests graduates from comparable programs could manage their loans comfortably—roughly half a year's salary in total debt is workable for a science degree. However, it's worth noting that similar programs in Illinois show considerable variation, from $32,000 to over $47,000 in starting earnings, which means the actual trajectory for Knox graduates could differ meaningfully from these state-level estimates.
The debt figure, derived from national averages for similar private colleges, sits slightly above what Illinois chemistry programs typically produce ($22,902). That extra $2,000 may reflect Knox's private college cost structure, though the earnings estimate suggests graduates should be competitive with peers statewide. The fact that Knox's chemistry program is small enough that the Department of Education can't publish specific outcomes means you're relying more on faith in the liberal arts science model than hard evidence about job placement or grad school success rates.
If your child is considering graduate school in chemistry—common for bachelor's degree holders in this field—these debt levels leave reasonable room for additional borrowing. But given the estimation uncertainty, talk directly with Knox about where recent graduates actually land and whether their outcomes align with these state-level projections.
Where Knox College Stands
Earnings vs. debt across all chemistry bachelors's programs nationally
Compare to Similar Programs in Illinois
Chemistry bachelors's programs at peer institutions in Illinois (47 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $55,587 | $44,860* | — | $24,994* | — | |
| $16,004 | $47,034* | $63,276 | $21,500* | 0.46 | |
| $12,922 | $46,659* | $57,878 | $25,000* | 0.54 | |
| $12,700 | $43,061* | $56,116 | $23,023* | 0.53 | |
| $14,952 | $31,980* | $57,236 | $27,000* | 0.84 | |
| National Median | — | $42,581* | — | $24,000* | 0.56 |
Career Paths
Occupations commonly associated with chemistry graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Computer and Information Research Scientists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Chemists
Chemistry Teachers, Postsecondary
Environmental Science Teachers, Postsecondary
Physics Teachers, Postsecondary
Environmental Scientists and Specialists, Including Health
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 Knox College, approximately 30% 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 median of 4 similar programs in IL. Actual outcomes may vary.