Analysis
Similar economics programs in Wisconsin suggest first-year earnings around $51,344 with estimated debt of $23,718—figures that track closely with national medians for economics graduates. This debt-to-earnings ratio of 0.46 lands in reasonable territory, meaning the estimated borrowing represents less than half a year's income. However, what matters most is recognizing that Northland College's small graduate cohort makes it impossible to know whether outcomes here match these state averages or diverge significantly.
The comparison to Wisconsin's larger economics programs reveals an important pattern: reported outcomes at UW-Oshkosh ($57,663) and UW-Madison ($54,495) run $3,000-$6,000 higher than the state median Northland's figures are drawn from. Economics programs can vary considerably in their focus—quantitative rigor, policy emphasis, business applications—and these differences often correlate with career trajectories. Without actual data from Northland's graduates, there's no way to assess where this program falls on that spectrum or whether its small-college liberal arts approach translates into comparable employment outcomes.
The practical challenge is that you're evaluating an investment based on peer proxies rather than track record. If your child is drawn to Northland's environmental focus or intimate setting, understand that the estimated $23,718 debt could prove manageable or burdensome depending on actual post-graduation outcomes you won't see reflected in federal data. Request placement information directly from the college—where recent graduates work, what roles they fill—to fill the gap these estimates leave open.
Where Northland College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Wisconsin
Economics bachelors's programs at peer institutions in Wisconsin (21 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $42,491 | $51,344* | — | $23,718* | — | |
| $8,212 | $57,663* | — | $25,000* | 0.43 | |
| $11,205 | $54,495* | $69,594 | $20,750* | 0.38 | |
| $9,651 | $53,595* | $57,423 | $25,000* | 0.47 | |
| $44,432 | $53,350* | $66,245 | $27,000* | 0.51 | |
| $9,277 | $51,344* | $58,841 | $21,500* | 0.42 | |
| National Median | — | $51,722* | — | $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 Northland College, approximately 32% 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 9 similar programs in WI. Actual outcomes may vary.