Analysis
A debt load of $33,552—roughly $8,000 above what Kansas accounting graduates typically carry—creates an immediate challenge for McPherson's program. Similar programs across the state suggest first-year earnings around $53,842, which means new graduates would face a debt-to-earnings ratio of 0.62. That's manageable on paper, but the comparison to Kansas State ($60,155) and Wichita State ($59,448) shows what else is available in-state, often with lower debt. The financial advantage of staying closer to median state debt levels becomes clear when you're making monthly loan payments.
The 84% admission rate and 34% Pell grant population suggest McPherson serves students who might not access flagship universities, which matters when evaluating alternatives. If your child has strong academic credentials, the larger programs show consistently higher earnings potential. If fit and campus environment drive the decision, understand that accounting is generally a stable professional path—the estimated earnings align with national medians—but the premium debt here means those first few career years will feel tighter financially than they would for peers graduating from programs with more typical Kansas debt loads. The question is whether McPherson's specific environment justifies starting your career $8,000 deeper in the hole.
Where McPherson College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Kansas
Accounting bachelors's programs at peer institutions in Kansas (24 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $35,162 | $53,842* | — | $33,552* | — | |
| $10,942 | $60,155* | $68,922 | $24,250* | 0.40 | |
| $9,322 | $59,448* | $63,799 | $22,250* | 0.37 | |
| $34,800 | $58,320* | $68,559 | $20,500* | 0.35 | |
| $5,633 | $56,503* | $44,024 | $26,000* | 0.46 | |
| $9,578 | $55,197* | $58,768 | $20,853* | 0.38 | |
| National Median | — | $53,694* | — | $25,000* | 0.47 |
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 McPherson College, approximately 34% 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 13 similar programs in KS. Actual outcomes may vary.