Analysis
Similar accounting programs across Illinois typically produce first-year earnings around $45,770, while national peers report about $37,000. McHenry County College's program appears to track closer to the national figure—estimated at $37,001—placing it well behind nearby College of DuPage's $47,775. That's nearly an $11,000 annual gap compared to the state median, which adds up quickly when you're repaying student loans.
The estimated debt load of $15,979 is actually lower than both state and national medians for associate accounting programs, producing a manageable 0.43 debt-to-earnings ratio. This means graduates would owe roughly five months of their first-year salary—a reasonable starting point. However, the lower earnings estimate means the absolute dollar advantage of lighter debt may feel less meaningful when facing Illinois' cost of living.
The real question is whether McHenry County College can match the stronger outcomes seen at other Illinois community colleges. If the program does track closer to state norms, you're looking at a solid investment. If it genuinely underperforms the Illinois median by $8,000-$10,000 annually, that difference compounds over a career. Ask the school directly about job placement rates and where recent graduates are actually working—those concrete outcomes matter more than regional estimates when the graduate pool is too small for DOE to report.
Where McHenry County College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Illinois
Accounting associates's programs at peer institutions in Illinois (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $4,012 | $37,001* | — | $15,979* | — | |
| $4,320 | $47,775* | — | $17,284* | 0.36 | |
| $13,546 | $43,765* | $44,358 | $23,823* | 0.54 | |
| 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 McHenry County College, approximately 12% 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 national median of 118 similar programs. Actual outcomes may vary.