Economics at Lafayette College
Bachelor's Degree
Analysis
Lafayette College economics graduates are earning about $15,000 more than Pennsylvania's median just one year out, putting them in striking distance of powerhouse programs at Carnegie Mellon and Bucknell. Among Pennsylvania's 49 economics programs, this performance lands in the 80th percentile—impressive company for a program that costs students only $19,500 in median debt. That debt load sits well below both the state average of $25,782 and the national benchmark of $22,816, creating a debt-to-earnings ratio of 0.29 that most parents would consider quite manageable.
The real story here is trajectory: earnings jump 30% by year four, reaching $88,504. While that's still below Penn's stratospheric numbers, it closes the gap considerably and suggests Lafayette's liberal arts environment combined with selective admissions (31% acceptance rate, 1419 SAT) is building strong career momentum. The moderate sample size means individual outcomes may vary more than at larger programs, but the pattern is encouraging.
For families weighing Lafayette's economics program, you're looking at top-quintile performance in Pennsylvania with below-average debt—a combination that's hard to find. The strong four-year earnings growth indicates graduates are positioning themselves well for career advancement, not just landing decent first jobs.
Where Lafayette College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Lafayette College graduates compare to all programs nationally
Lafayette College graduates earn $68k, placing them in the 89th percentile of all economics bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Pennsylvania
Economics bachelors's programs at peer institutions in Pennsylvania (49 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Lafayette College | $68,164 | $88,504 | $19,500 | 0.29 |
| University of Pennsylvania | $89,097 | $125,816 | $14,000 | 0.16 |
| Carnegie Mellon University | $86,284 | $94,093 | $22,020 | 0.26 |
| Swarthmore College | $76,944 | $105,566 | $19,500 | 0.25 |
| Drexel University | $70,967 | $83,676 | $29,000 | 0.41 |
| Bucknell University | $70,946 | $79,134 | $25,888 | 0.36 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Pennsylvania
Compare tuition, earnings, and debt across Pennsylvania schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Pennsylvania Philadelphia | $66,104 | $89,097 | $14,000 |
| Carnegie Mellon University Pittsburgh | $63,829 | $86,284 | $22,020 |
| Swarthmore College Swarthmore | $62,412 | $76,944 | $19,500 |
| Drexel University Philadelphia | $60,663 | $70,967 | $29,000 |
| Bucknell University Lewisburg | $64,772 | $70,946 | $25,888 |
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 Lafayette College, approximately 10% 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 60 graduates with reported earnings and 66 graduates with debt data. Small samples may not be representative.