Median Earnings (1yr)
$42,926
81st percentile
60th percentile in Iowa
Median Debt
$27,000
At national median

Analysis

Luther College's Liberal Arts program delivers surprisingly strong financial outcomes that should ease concerns about the practicality of a humanities degree. With first-year earnings of $42,926, graduates earn 18% more than the national average for liberal arts programs and rank in the 81st percentile nationally—meaning this program outperforms roughly 4 out of 5 similar programs across the country. Within Iowa, it holds the top spot among major universities, beating out even the flagship University of Iowa.

The debt picture is reasonable at $27,000, creating a manageable debt-to-earnings ratio of 0.63. This means graduates earn enough in their first year to cover their debt burden in about 7.5 months of gross income. While earnings growth is modest at 8% over four years, the strong starting salary provides a solid foundation. The robust sample size of 100+ graduates gives confidence these numbers reflect real outcomes rather than statistical noise.

For anxious parents worried about their child majoring in liberal arts, Luther College offers compelling evidence that a quality education in the humanities can translate to financial stability. The combination of above-average earnings, manageable debt, and the college's strong academic profile (1238 average SAT) suggests this program successfully prepares graduates for careers that value critical thinking and communication skills.

Where Luther College Stands

Earnings vs. debt across all liberal arts and sciences, general studies and humanities bachelors's programs nationally

Earnings Distribution

How Luther College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Luther College$42,926$46,160+8%
University of Iowa$40,791$50,705+24%
Grand View University$39,996$45,838+15%
Iowa State University$36,532$36,326-1%
University of Northern Iowa$40,009$35,027-12%

Compare to Similar Programs in Iowa

Liberal Arts and Sciences, General Studies and Humanities bachelors's programs at peer institutions in Iowa (23 total in state)

Scroll to see more →

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Luther CollegeDecorah$50,320$42,926$46,160$27,0000.63
Simpson CollegeIndianola$46,212$43,635$27,0000.62
University of IowaIowa City$10,964$40,791$50,705$25,2690.62
University of Northern IowaCedar Falls$9,728$40,009$35,027$26,4000.66
Grand View UniversityDes Moines$33,450$39,996$45,838$25,9730.65
Iowa State UniversityAmes$10,497$36,532$36,326$28,6230.78
National Median$36,340$27,0000.74

Career Paths

Occupations commonly associated with liberal arts and sciences, general studies and humanities graduates

Postsecondary Teachers, All Other

All postsecondary teachers not listed separately.

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 Luther College, approximately 19% 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.