Median Earnings (1yr)
$46,706
86th percentile
60th percentile in Minnesota
Median Debt
$21,500
17% below national median

Analysis

At $46,706 in first-year earnings, Martin Luther College graduates out-earn 86% of teacher education programs nationallyβ€”a remarkable outcome for a school that accepts most applicants. The $21,500 median debt sits well below both state and national averages, creating a debt-to-earnings ratio of just 0.46 that most education programs would envy. While this ranks in the 60th percentile among Minnesota's 29 teacher education programs, that's still competitive when you consider the state's strong educational infrastructure and Martin Luther's significantly lower debt burden compared to the Minnesota median of $26,735.

The significant concern here is the earnings trajectory: graduates see a 17% decline in earnings between years one and four, dropping to $38,575. This likely reflects the structured nature of teaching contracts and salary schedules rather than a program weakness, though it's worth understanding what drives this pattern. Despite this dip, the strong starting salary and manageable debt mean graduates enter teaching with financial breathing room that many peers lack.

For families seeking an affordable path to teaching, particularly within Lutheran education networks where Martin Luther has deep connections, this program delivers strong value. The initial earnings advantage and below-average debt create a foundation that withstands the mid-career earnings plateau typical in education. Just recognize that teaching salaries in this network may have different growth patterns than traditional public school systems.

Where Martin Luther College Stands

Earnings vs. debt across all teacher education and professional development, specific levels and methods bachelors's programs nationally

Earnings Distribution

How Martin 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
Martin Luther College$46,706$38,575-17%
University of Minnesota-Twin Cities$20,608$51,102+148%
University of St Thomas$42,819$47,276+10%
Gustavus Adolphus College$44,117$45,329+3%
Concordia College at Moorhead$44,195$44,319+0%

Compare to Similar Programs in Minnesota

Teacher Education and Professional Development, Specific Levels and Methods bachelors's programs at peer institutions in Minnesota (29 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Martin Luther CollegeNew Ulm$17,770$46,706$38,575$21,5000.46
University of Minnesota-MorrisMorris$14,288$46,414$41,789$24,7670.53
Bethel UniversitySaint Paul$42,930$45,361$40,332$26,0000.57
Concordia College at MoorheadMoorhead$30,020$44,195$44,319$27,0000.61
Minnesota State University-MankatoMankato$9,490$44,171$41,039$27,0000.61
Gustavus Adolphus CollegeSaint Peter$54,310$44,117$45,329$27,0000.61
National Medianβ€”$41,809β€”$26,0000.62

Career Paths

Occupations commonly associated with teacher education and professional development, specific levels and methods graduates

Education Teachers, Postsecondary

Teach courses pertaining to education, such as counseling, curriculum, guidance, instruction, teacher education, and teaching English as a second language. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Training and Development Specialists

Design or conduct work-related training and development programs to improve individual skills or organizational performance. May analyze organizational training needs or evaluate training effectiveness.

$65,850/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Middle School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the middle, intermediate, or junior high school level.

$62,970/yrJobs growth:Bachelor's degree

Kindergarten Teachers, Except Special Education

Teach academic and social skills to kindergarten students.

$62,310/yrJobs growth:Bachelor's degree

Elementary School Teachers, Except Special Education

Teach academic and social skills to students at the elementary school level.

$62,310/yrJobs growth:Bachelor's degree

Adult Basic Education, Adult Secondary Education, and English as a Second Language Instructors

Teach or instruct out-of-school youths and adults in basic education, literacy, or English as a Second Language classes, or in classes for earning a high school equivalency credential.

$59,950/yrJobs growth:Bachelor's degree

Preschool Teachers, Except Special Education

Instruct preschool-aged students, following curricula or lesson plans, in activities designed to promote social, physical, and intellectual growth.

$37,120/yrJobs growth:Associate's degree

Postsecondary Teachers, All Other

All postsecondary teachers not listed separately.

Self-Enrichment Teachers

Teach or instruct individuals or groups for the primary purpose of self-enrichment or recreation, rather than for an occupational objective, educational attainment, competition, or fitness.

Teachers and Instructors, All Other

All teachers and instructors not listed separately.

Teaching Assistants, Preschool, Elementary, Middle, and Secondary School, Except Special Education

Assist a preschool, elementary, middle, or secondary school teacher with instructional duties. Serve in a position for which a teacher has primary responsibility for the design and implementation of educational programs and services.

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 Martin Luther College, approximately 23% 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 158 graduates with reported earnings and 160 graduates with debt data. Small samples may not be representative.