Analysis
Nazarene Bible College graduates earn 25% more than the typical theological studies graduate nationally, placing this program in the top quarter for earnings outcomes. With first-year earnings of $40,357 rising to nearly $52,000 by year four, students see real income growth during a period when many ministry-focused graduates plateau. The 1:1 debt-to-earnings ratio, while manageable, does mean graduates carry above-average debt compared to others in this field—the program sits at the 93rd percentile for debt nationally.
The earnings trajectory matters here. Ministry careers often start modestly, so the 28% income growth through year four suggests graduates are either advancing into leadership roles or supplementing ministry work with other employment. This program significantly outperforms the national median of $32,000, though with only two theology programs in Colorado, state-level comparisons offer limited insight. The moderate sample size (30-100 graduates) provides reasonable confidence in these figures.
For families, this comes down to expectations: if your child is committed to ministry work and this represents their calling, the earnings here are genuinely strong for the field. The debt is higher than ideal but not unmanageable given the income growth. However, if there's uncertainty about the ministry path, the $40,000 debt load could feel burdensome on an entry salary that, while good for theology, still trails typical bachelor's degree earnings by roughly $20,000.
Where Nazarene Bible College Stands
Earnings vs. debt across all theological and ministerial studies bachelors's programs nationally
Earnings Distribution
How Nazarene Bible College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Nazarene Bible College | $40,357 | $51,692 | +28% |
| University of Valley Forge | $25,051 | $48,764 | +95% |
| University of Notre Dame | $45,874 | $46,078 | +0% |
| Moody Bible Institute | $33,488 | $44,574 | +33% |
| The Master's University and Seminary | $43,677 | $44,574 | +2% |
Compare to Similar Programs Nationally
Theological and Ministerial Studies bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,002 | $40,357 | $51,692 | $40,332 | 1.00 | |
| $7,475 | $47,781 | $33,046 | $22,673 | 0.47 | |
| $37,150 | $47,102 | — | $21,566 | 0.46 | |
| $62,693 | $45,874 | $46,078 | $19,000 | 0.41 | |
| $36,930 | $43,677 | $44,574 | $23,774 | 0.54 | |
| $36,035 | $41,139 | $42,682 | $26,453 | 0.64 | |
| National Median | — | $32,211 | — | $25,750 | 0.80 |
Career Paths
Occupations commonly associated with theological and ministerial studies graduates
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 Nazarene Bible College, approximately 14% 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.
Sample Size: Based on 35 graduates with reported earnings and 35 graduates with debt data. Small samples may not be representative.