Analysis
A $24,000 debt load for a business economics degree typically translates to monthly payments around $270—manageable when similar programs nationally produce first-year earnings near $53,000. Patrick Henry's zero Pell Grant enrollment and $1,351 average SAT suggest a student body with substantial financial resources, which likely means many graduates carry less debt than this estimate or have family support to cushion the transition to career.
The catch is that both figures here come from peer programs rather than Patrick Henry's own graduates, so you're betting on whether this specific school can match what comparable programs deliver. Virginia's business economics programs show wide variation—from $52,000 at Hampden-Sydney to $45,000 at VCU—and without Patrick Henry's actual outcomes, it's impossible to know where they land. The estimated 0.45 debt-to-earnings ratio looks reasonable on paper, but that assumes Patrick Henry's career outcomes mirror the national pool.
For families already considering this school, the business economics program's estimated financial profile doesn't raise red flags, but you're making enrollment decisions with borrowed data. If your child is choosing between Patrick Henry and schools with verified outcomes, those verified numbers deserve serious weight—especially if the cost difference is negligible.
Where Patrick Henry College Stands
Earnings vs. debt across all business/managerial economics bachelors's programs nationally
Compare to Similar Programs in Virginia
Business/Managerial Economics bachelors's programs at peer institutions in Virginia (10 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $28,425 | $53,219* | — | $24,000* | — | |
| $52,388 | $52,087* | $70,876 | $26,970* | 0.52 | |
| $16,458 | $45,370* | $69,474 | $21,500* | 0.47 | |
| National Median | — | $53,219* | — | $22,250* | 0.42 |
Career Paths
Occupations commonly associated with business/managerial economics graduates
Economists
Environmental Economists
Financial Risk Specialists
Management Analysts
Economics 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 Patrick Henry College, approximately 0% 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 81 similar programs. Actual outcomes may vary.