Analysis
For an associate's in accounting, debt levels matter as much as starting pay, and the estimated $13,248 in borrowing here compares favorably to what similar Michigan programs typically see ($17,621). Combined with first-year earnings around $36,181—consistent with the state median for accounting associate's degrees—this creates a manageable debt-to-earnings ratio of 0.37, meaning graduates could theoretically pay off their loans with roughly four months' salary.
The earnings picture based on comparable Michigan programs puts Lake Superior State graduates right in the middle of the pack. Oakland Community College's accounting grads start about $4,000 higher annually, while Grand Rapids CC sits slightly below. Nationally, the estimated earnings here track closely with the $37,000 median, suggesting this program should prepare students adequately for entry-level bookkeeping and accounting support roles, though it's worth noting that accounting is a field where career advancement often requires additional credentials like bachelor's degrees or professional certifications.
The modest estimated debt load is the real advantage here. If your child can graduate with borrowing below $14,000 and secure work in the mid-$30,000s, they'll have breathing room other associate's degree holders don't always get. Just remember these figures are extrapolated from peer programs in Michigan, not Lake Superior State's actual graduate outcomes—the school's small cohort size means their specific results aren't publicly available.
Where Lake Superior State University Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Michigan
Accounting associates's programs at peer institutions in Michigan (35 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $14,266 | $36,181* | — | $13,248* | — | |
| $3,020 | $40,424* | $46,109 | $21,496* | 0.53 | |
| $12,810 | $36,181* | $38,187 | $26,067* | 0.72 | |
| $4,059 | $35,538* | $42,721 | $12,750* | 0.36 | |
| 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 Lake Superior State University, approximately 29% 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 3 similar programs in MI. Actual outcomes may vary.