Analysis
A 0.49 debt-to-earnings ratio suggests manageable finances for this physics degree, though the figures deserve scrutiny. Both Knox's estimated $47,670 first-year salary and $23,120 debt come from national benchmarks of similar programs—not from tracking Knox graduates specifically. Illinois physics programs typically produce higher starting salaries (around $51,000 median), and the state flagship reports exactly that figure. The gap between Knox's estimate and the state benchmark isn't necessarily real, but it points to the uncertainty inherent in these projections.
Physics graduates generally face solid employment prospects, and the debt load here appears reasonable regardless. Comparable programs nationally carry similar debt ($23,304 median), suggesting Knox's cost structure aligns with peer institutions. The real question is whether Knox's liberal arts approach to physics—likely emphasizing breadth over specialized research—matches your child's career goals. Students aiming for graduate school or industry positions might benefit from the research infrastructure at larger universities, while those seeking teaching careers or broader scientific training could thrive in Knox's environment.
Without actual outcomes data from Knox physics graduates, you're evaluating the program largely on institutional reputation and curriculum fit rather than proven financial returns. The estimated numbers suggest acceptable risk, but confirmed placement records and alumni networks matter more here than statistical projections.
Where Knox College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Illinois
Physics bachelors's programs at peer institutions in Illinois (32 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $55,587 | $47,670* | — | $23,120* | — | |
| $16,004 | $51,019* | $60,090 | $20,500* | 0.40 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
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 75 similar programs. Actual outcomes may vary.