Analysis
Similar mathematics programs in Iowa suggest Northwestern College graduates might expect around $51,400 in first-year earnings—right at the state median and modestly above the national benchmark of $48,800. With estimated debt of $21,750, this creates a manageable 0.42 debt-to-earnings ratio that falls within conventional affordability guidelines. The pattern across Iowa's math programs shows considerable variation, from University of Iowa's $60,600 down to University of Northern Iowa's $42,700, indicating that institutional differences and career pathways matter significantly in this field.
The estimated debt level aligns closely with both state and national norms for mathematics degrees, suggesting Northwestern's financial aid approach is competitive. For a private college with an 87% admission rate serving a regional student body (23% Pell-eligible), these projected outcomes appear reasonable. Mathematics degrees typically lead to diverse career paths—teaching, actuarial work, data analysis, graduate school—each with different earning trajectories that may not fully show up in first-year figures.
Given that both earnings and debt figures here are estimates drawn from peer programs rather than Northwestern's actual graduate outcomes, your key consideration is whether a math degree at this tuition level makes sense for your child's specific career goals. The projected debt burden isn't alarming, but confirming Northwestern's actual placement patterns—where graduates work, how many pursue graduate degrees, whether teaching certification is common—would clarify whether this particular program delivers value comparable to the state median it's being measured against.
Where Northwestern College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Iowa
Mathematics bachelors's programs at peer institutions in Iowa (25 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $35,300 | $51,422* | — | $21,750* | — | |
| $10,964 | $60,612* | $72,728 | $21,738* | 0.36 | |
| $10,497 | $51,422* | $58,347 | $22,942* | 0.45 | |
| $9,728 | $42,729* | $45,688 | $19,723* | 0.46 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 3 similar programs in IA. Actual outcomes may vary.