Analysis
A debt-to-earnings ratio under 0.5 typically signals manageable debt, and this program's estimated figures—$47,670 in first-year earnings against $23,120 in debt—hit that mark. But context matters here. Similar physics programs in Ohio report median earnings around $53,504, suggesting graduates from peer institutions are earning roughly $6,000 more annually. That gap isn't devastating, but over several years of loan repayment, it adds up.
The national picture offers some reassurance. These estimated earnings match the national median for physics bachelor's programs, meaning this program appears competitively positioned relative to the broader field, even if it trails Ohio's state average. Physics degrees generally lead to decent first-year outcomes, and the debt burden—estimated from comparable private institutions—sits just below the national median of $23,304. For a school with an 82% admission rate serving a significant population of Pell-eligible students (41%), these projected outcomes suggest the program delivers reasonable value without requiring top-tier academic credentials for entry.
The key uncertainty is whether Muskingum's specific physics program matches these peer benchmarks or deviates significantly. The small graduate cohort that triggered data suppression makes it impossible to know if actual outcomes trend higher or lower. If your child is strongly committed to physics and attracted to Muskingum's environment, these estimates suggest financial risk is moderate—but confirming that graduates actually secure physics-related positions would be worth the effort.
Where Muskingum University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Ohio
Physics bachelors's programs at peer institutions in Ohio (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $31,440 | $47,670* | — | $23,120* | — | |
| $12,859 | $53,504* | $72,007 | $23,357* | 0.44 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
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 Muskingum University, approximately 41% 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 75 similar programs. Actual outcomes may vary.