Analysis
Based on similar economics programs across Minnesota, students here face roughly $21,500 in debt for a credential that yields first-year earnings around $56,570βa reasonable 0.38 debt-to-earnings ratio that sits comfortably within manageable territory. With just ten economics bachelor's programs statewide, Minnesota State University Moorhead appears positioned in the middle tier, though it's worth noting that peer programs at Minnesota's most selective institutions like Carleton and St. Thomas produce graduates earning $60,000 to $66,000 in their first year.
The estimated debt load is actually lower than both the state median ($24,600) and national benchmark ($22,816) for economics degrees, which matters given that this is a moderately selective public university serving a meaningful population of lower-income students. That debt advantage helps offset the fact that earnings estimates track closer to the national median ($51,722) than to Minnesota's premium programs.
For an anxious parent, the key question is whether these peer-program estimates translate to real outcomes at this specific campus. The debt-to-earnings picture suggests workable financing if the estimates hold, but you're making a bet on similarity rather than proven results. If your child can gain admission to one of Minnesota's higher-earning economics programs, the $4,000 to $10,000 first-year earnings bump could compound significantly over a careerβthough that must be weighed against any additional costs at those institutions.
Where Minnesota State University Moorhead Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Minnesota
Economics bachelors's programs at peer institutions in Minnesota (23 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,336 | $56,570* | β | $21,500* | β | |
| $65,457 | $66,567* | $83,775 | $19,500* | 0.29 | |
| $49,758 | $64,916* | β | $30,215* | 0.47 | |
| $52,284 | $60,323* | $68,704 | $24,600* | 0.41 | |
| $64,908 | $59,752* | $83,794 | $24,000* | 0.40 | |
| $16,488 | $56,902* | $76,116 | $21,500* | 0.38 | |
| National Median | β | $51,722* | β | $22,816* | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
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 Minnesota State University Moorhead, approximately 27% 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 10 similar programs in MN. Actual outcomes may vary.