Analysis
A debt-to-earnings ratio of 0.28 suggests manageable finances for this program, though the picture requires some interpretation. Based on comparable statistics programs nationally, Northwestern College graduates likely earn around $59,700 in their first year while carrying roughly $16,900 in debtβfigures that point toward a reasonable investment. However, this sits below Iowa's state median of $64,100 for statistics degrees, and notably trails the University of Iowa's $75,100, suggesting Northwestern may not offer the same earning power as larger research institutions in the state.
The estimated debt load is lighter than both state and national benchmarks, which works in this program's favor. Still, the earnings gap matters: similar programs in Iowa typically produce outcomes ranging from Iowa State's $53,100 to U of Iowa's $75,100, placing Northwestern's projected performance in the middle of that spectrum. For a small liberal arts college in rural Iowa, these peer-based projections seem plausible, though families should recognize that actual outcomes for Northwestern's specific cohort could vary.
The key question is whether Northwestern's teaching model and campus environment justify accepting potentially lower starting salaries than you'd see at Iowa's flagship universities. If the smaller class sizes and personal attention matter to your child, the financial fundamentals look workable. But if maximizing early earnings is the priority, larger state schools with reported data showing stronger outcomes might warrant closer consideration.
Where Northwestern College Stands
Earnings vs. debt across all statistics bachelors's programs nationally
Compare to Similar Programs in Iowa
Statistics bachelors's programs at peer institutions in Iowa (7 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $35,300 | $59,718* | β | $16,875* | β | |
| $10,964 | $75,095* | β | $20,411* | 0.27 | |
| $10,497 | $53,132* | β | $23,625* | 0.44 | |
| National Median | β | $59,718* | β | $20,150* | 0.34 |
Career Paths
Occupations commonly associated with statistics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Actuaries
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
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 national median of 51 similar programs. Actual outcomes may vary.