Analysis
Northwestern College's economics bachelor's appears to track with Iowa's middle tier for the major, though with limited graduate outcomes to confirm this directly. The estimated $49,314 first-year earnings match the state median precisely, falling well short of Iowa State's $57,619 but notably ahead of Grinnell's $46,791βa curious inversion given relative institutional reputations. The estimated $24,102 in debt sits slightly above both state and national benchmarks for economics programs, yielding a debt-to-earnings ratio of 0.49 that suggests manageable repayment under typical circumstances.
What complicates this assessment is the uncertainty inherent in small-sample programs. These estimates draw from five Iowa economics programs and national patterns at similar institutions, which means actual outcomes for Northwestern graduates could vary considerably in either direction. The school's 87% admission rate and 23% Pell enrollment indicate broader accessibility than some competitors, but whether that translates to comparable career placement support or alumni networks remains an open question.
For families considering this program, the estimated numbers suggest reasonable value if they hold trueβroughly $2,000 in monthly debt payments against $4,100 in monthly income initially. But given the lack of program-specific data, visiting campus to ask pointed questions about recent graduate outcomes, employer connections, and graduate school placement would be essential before committing.
Where Northwestern College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Iowa
Economics bachelors's programs at peer institutions in Iowa (17 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $35,300 | $49,314* | β | $24,102* | β | |
| $10,497 | $57,619* | $70,764 | $23,414* | 0.41 | |
| $10,964 | $50,223* | $66,230 | $22,407* | 0.45 | |
| $9,728 | $49,314* | $69,146 | $17,169* | 0.35 | |
| $64,862 | $46,791* | $67,691 | $16,950* | 0.36 | |
| $52,576 | $42,311* | β | $27,000* | 0.64 | |
| 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 Northwestern College, approximately 23% 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 5 similar programs in IA. Actual outcomes may vary.