Median Earnings (1yr)
$45,367
95th percentile (80th in IA)
Median Debt
$27,000
4% above national median
Debt-to-Earnings
0.60
Manageable
Sample Size
57
Adequate data

Analysis

Luther College's music program stands out dramatically in a field known for modest earnings. At $45,367 in first-year earnings, graduates earn 74% more than the national median for music majors and rank in the 95th percentile nationally. Within Iowa, where the program landscape is more competitive, Luther still outperforms the state median by 27% and ranks in the 80th percentile—notably exceeding even the University of Iowa's well-regarded program.

The $27,000 median debt sits right at Iowa's state median and is actually below the national benchmark, creating a debt-to-earnings ratio of 0.60 that's quite manageable for a performing arts degree. This is the kind of debt load that won't derail career flexibility, particularly important in music where graduate school or portfolio-building opportunities often matter. The slight earnings dip by year four (down 2%) likely reflects the reality that some graduates pursue additional training or freelance work rather than any fundamental weakness in preparation.

For families worried about the classic "starving artist" scenario, Luther's track record suggests their music graduates are finding actual employment in the field or leveraging their training into viable careers. The combination of strong earning power and reasonable debt makes this one of the safer bets in music education, particularly if your child is serious about the discipline and benefits from Luther's smaller program environment.

Where Luther College Stands

Earnings vs. debt across all music bachelors's programs nationally

Luther CollegeOther music programs

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 Luther College graduates compare to all programs nationally

Luther College graduates earn $45k, placing them in the 95th percentile of all music 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 Iowa

Music bachelors's programs at peer institutions in Iowa (24 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Luther College$45,367$44,566$27,0000.60
University of Iowa$39,121$39,491$27,7830.71
University of Northern Iowa$32,175$33,150$19,5000.61
Coe College$24,233———
National Median$26,036—$26,0001.00

Other Music Programs in Iowa

Compare tuition, earnings, and debt across Iowa schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Iowa
Iowa City
$10,964$39,121$27,783
University of Northern Iowa
Cedar Falls
$9,728$32,175$19,500
Coe College
Cedar Rapids
$52,576$24,233—

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.

Sample Size: Based on 57 graduates with reported earnings and 81 graduates with debt data. Small samples may not be representative.