Analysis
Similar accounting programs across Michigan suggest first-year earnings around $36,000, with estimated debt of $13,248βa manageable 0.37 debt-to-earnings ratio that's considerably better than the state median of $17,621. For an associate's degree in accounting, this positions Northwestern Michigan College as a lower-debt option in a field where community colleges consistently deliver solid returns.
The estimated earnings align closely with what other Michigan programs produce, though they trail the state's top performer (Oakland Community College at $40,424) by about $4,000. Nationally, accounting associate's degrees cluster tightly around $37,000, so these Michigan figures represent typical outcomes for this credential. The real advantage here appears to be on the debt sideβborrowing roughly $13,000 instead of the $19,000+ that peer programs typically require gives graduates more breathing room in those critical early career years.
For parents weighing this program, the math suggests a straightforward path: an associate's degree that leads to mid-30s earnings with debt you could reasonably pay down in a few years. The 28% Pell grant rate indicates Northwestern Michigan serves some lower-income students, and keeping debt well below national norms matters especially for families without financial cushions. Just recognize these figures come from comparable programs statewide, not Northwestern Michigan's specific track record.
Where Northwestern Michigan College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Michigan
Accounting associates's programs at peer institutions in Michigan (35 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $5,350 | $36,181* | β | $13,248* | β | |
| $3,020 | $40,424* | $46,109 | $21,496* | 0.53 | |
| $12,810 | $36,181* | $38,187 | $26,067* | 0.72 | |
| $4,059 | $35,538* | $42,721 | $12,750* | 0.36 | |
| National Median | β | $37,000* | β | $19,354* | 0.52 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
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 Michigan College, approximately 28% 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 MI. Actual outcomes may vary.