Analysis
A philosophy degree from Merrimack carries an estimated debt load of $23,000—roughly in line with what philosophy majors typically borrow—but the return depends heavily on what comes next. Based on comparable programs in Massachusetts, first-year earnings hover around $40,377, which puts this slightly above the national median for philosophy degrees but means graduates face debt equivalent to more than half their first-year income. That's a manageable ratio, but only if your child has a clear plan for leveraging the degree into graduate school, law school, or a specific career path where the critical thinking skills pay off.
The challenge with philosophy programs is that the major itself rarely translates directly into a job title, and the earnings estimates here reflect that uncertainty. Massachusetts philosophy graduates at peer institutions like Boston College earn noticeably more ($47,345), suggesting that institutional reputation and networks matter considerably in this field. Merrimack's 74% admission rate and relatively low Pell Grant enrollment (15%) indicate it's a solid regional private college, but not one with the brand recognition that might help philosophy majors stand out in competitive job markets.
The practical takeaway: this debt level won't be crushing if your child treats philosophy as preparation for something specific—law, business, teaching, or another graduate program. Without that next step clearly defined, they're likely looking at several years of modest earnings while figuring out how the degree fits into a career.
Where Merrimack College Stands
Earnings vs. debt across all philosophy bachelors's programs nationally
Compare to Similar Programs in Massachusetts
Philosophy bachelors's programs at peer institutions in Massachusetts (34 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $51,786 | $40,377* | — | $23,000* | — | |
| $67,680 | $47,345* | $47,768 | $18,000* | 0.38 | |
| $65,168 | $40,377* | $47,043 | $25,750* | 0.64 | |
| $15,496 | $36,581* | $41,381 | —* | — | |
| National Median | — | $31,652* | — | $22,641* | 0.72 |
Career Paths
Occupations commonly associated with philosophy graduates
Natural Sciences Managers
Clinical Research Coordinators
Mathematicians
Mathematical Science Teachers, Postsecondary
Philosophy and Religion Teachers, Postsecondary
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 Merrimack College, approximately 15% 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 3 similar programs in MA. Actual outcomes may vary.