Analysis
Is an engineering degree worth $26,500 in debt when the program itself is too small to track? For Monmouth College, we're looking at estimates built from national benchmarks—typical engineering bachelor's programs produce first-year earnings around $68,000 and median debt of $26,000. That's a reasonable 0.39 debt-to-earnings ratio that matches what most engineering programs deliver. Illinois engineering degrees cluster tightly in the $66,000-$67,000 range for starting pay, so there's little reason to expect dramatic deviation here. The question is execution quality: can a small program at an 87% acceptance-rate school deliver the same outcomes as established engineering programs?
The uncertainty cuts both ways. Small programs can offer personalized attention and tight industry connections, or they can lack the lab infrastructure, faculty specialization, and recruiting pipelines that larger engineering schools provide. With 277 engineering programs nationwide competing for the same entry-level positions, employers increasingly favor graduates from ABET-accredited programs with proven track records. Verify Monmouth's accreditation status and ask pointed questions about lab facilities, faculty credentials in specific engineering disciplines, and where recent graduates actually landed jobs—not just placement rates, but specific employers and roles.
Engineering credentials typically justify moderate debt, but only when the program delivers market-ready skills. Without actual outcome data, you're making a bet on program quality rather than investing based on demonstrated results.
Where Monmouth College Stands
Earnings vs. debt across all engineering bachelors's programs nationally
Compare to Similar Programs in Illinois
Engineering bachelors's programs at peer institutions in Illinois (10 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $43,520 | $67,911* | — | $26,459* | — | |
| $37,940 | $66,394* | $79,322 | $27,000* | 0.41 | |
| $14,952 | $66,112* | — | —* | — | |
| National Median | — | $67,911* | — | $26,056* | 0.38 |
Career Paths
Occupations commonly associated with engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
Robotics Engineers
Nanosystems Engineers
Wind Energy Engineers
Solar Energy Systems Engineers
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 Monmouth College, approximately 31% 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 47 similar programs. Actual outcomes may vary.