Analysis
Olivet Nazarene's engineering program delivers solid financial outcomes that outperform more than half of Illinois engineering schools, despite the institution's modest selectivity. While first-year earnings of $66,394 sit just below the national median, this program ranks in the 60th percentile statewide—a meaningful advantage for Illinois students comparing in-state options. The $27,000 debt load is actually below the national median, resulting in a manageable debt-to-earnings ratio of 0.41 that graduates can typically handle within three years.
The earnings trajectory looks healthy, with graduates seeing 20% growth to $79,322 by year four. This isn't the explosive compensation growth you'll find at elite engineering programs, but it represents steady career progression. For context, this performance roughly matches what you'd see at Western Illinois, suggesting Olivet provides comparable engineering outcomes to state universities without requiring top-tier test scores for admission.
For families seeking a private Christian college environment with legitimate engineering credentials, this program offers a reasonable value proposition. The debt is manageable, earnings are competitive within Illinois, and career growth is solid. Students won't command premium salaries right out of school, but they're entering the workforce with less debt than many peers and earning more than the typical Illinois engineering graduate from the start.
Where Olivet Nazarene University Stands
Earnings vs. debt across all engineering bachelors's programs nationally
Earnings Distribution
How Olivet Nazarene University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Olivet Nazarene University | $66,394 | $79,322 | +19% |
| Franklin W Olin College of Engineering | $109,455 | $114,228 | +4% |
| University of California-Davis | $82,956 | $104,701 | +26% |
| Harvey Mudd College | $92,491 | $103,969 | +12% |
| Lafayette College | $76,507 | $92,618 | +21% |
Compare to Similar Programs in Illinois
Engineering bachelors's programs at peer institutions in Illinois (10 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $37,940 | $66,394 | $79,322 | $27,000 | 0.41 | |
| $14,952 | $66,112 | — | — | — | |
| National Median | — | $67,911 | — | $26,056 | 0.38 |
Career Paths
Occupations commonly associated with engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
Robotics Engineers
Nanosystems Engineers
Wind Energy Engineers
Solar Energy Systems Engineers
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 Olivet Nazarene University, approximately 35% 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.
Sample Size: Based on 94 graduates with reported earnings and 103 graduates with debt data. Small samples may not be representative.