Analysis
Earning $43,806 in your first year after an economics degree falls short of what most peer programs deliver—this puts Pacific Lutheran at the 20th percentile nationally and below the Washington state median of $45,401. When the state's top economics programs like Whitworth ($63,134) and UW-Seattle ($53,934) produce substantially higher earnings, it's worth understanding why this gap exists and whether it reflects the program's outcomes or simply the kinds of careers PLU graduates initially pursue.
The estimated debt load of $24,266—based on comparable programs at Pacific Lutheran—translates to a debt-to-earnings ratio of 0.55, which is manageable but offers less cushion than you'd want given the modest starting salary. While economics degrees typically provide strong long-term earning potential, first-year outcomes matter for loan repayment and early financial stability. The question becomes whether PLU's economics program positions graduates for the career acceleration that makes this field valuable, or if students would be better served by programs with stronger initial placement.
Given the wide variation among Washington economics programs and the fact that we're working with estimated rather than actual debt figures for this school, families should look closely at PLU's career services, internship networks, and graduate placement data. An $8,000-$20,000 earnings gap compared to peer programs in the same state is significant enough to warrant direct questions about what distinguishes this program's outcomes.
Where Pacific Lutheran University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Pacific Lutheran University graduates compare to all programs nationally
Compare to Similar Programs in Washington
Economics bachelors's programs at peer institutions in Washington (12 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $50,964 | $43,806 | — | $24,266* | — | |
| $50,920 | $63,134 | — | —* | — | |
| $12,643 | $53,934 | $74,130 | $14,166* | 0.26 | |
| $9,192 | $52,129 | $68,051 | $15,000* | 0.29 | |
| $59,900 | $48,153 | $61,261 | $26,031* | 0.54 | |
| $61,492 | $46,832 | $74,766 | $17,500* | 0.37 | |
| National Median | — | $51,722 | — | $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 Pacific Lutheran University, approximately 33% 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 17 graduates with reported earnings and 15 graduates with debt data. Small samples may not be representative.