Analysis
Knox College's education bachelor's program comes with an estimated $27,000 in debt—roughly matching what education majors nationwide typically borrow—but the modest starting salary of around $38,600 creates a debt burden equal to 70% of first-year earnings. That's a manageable ratio on paper, yet it reflects a broader challenge in teaching: Illinois starting salaries vary enormously by district, and Knox's liberal arts environment may not provide the extensive student-teaching networks or district partnerships that larger state universities offer in the region.
The education field is unique because long-term job security and pension benefits often compensate for lower starting pay, but those first years can feel financially tight. Similar education programs across the country produce graduates earning in this same $38,000-$40,000 range, so Knox isn't an outlier—but parents should recognize they're paying private college prices for outcomes that mirror what Illinois State or Northern Illinois deliver at in-state tuition rates. The school's 71% admission rate and solid academic profile (SAT average of 1250) suggest a quality education, but the return on investment hinges entirely on your child securing a teaching position in a well-paying district.
The practical takeaway: if your child is committed to teaching and values Knox's small-class environment, the debt level won't derail their finances. But compare the total cost of attendance here against state schools with established placement pipelines into Chicago suburbs or other higher-paying districts—that network access matters as much as the degree itself.
Where Knox College Stands
Earnings vs. debt across all education bachelors's programs nationally
Compare to Similar Programs Nationally
Education bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $55,587 | $38,660* | — | $27,000* | — | |
| $8,886 | $68,730* | — | $26,556* | 0.39 | |
| $12,186 | $60,288* | — | —* | — | |
| $11,728 | $57,410* | — | $13,250* | 0.23 | |
| $19,568 | $56,397* | $40,429 | —* | — | |
| $44,850 | $55,579* | $54,660 | $27,000* | 0.49 | |
| National Median | — | $38,660* | — | $26,522* | 0.69 |
Career Paths
Occupations commonly associated with education 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 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 national median of 66 similar programs. Actual outcomes may vary.