Analysis
Reed's highly selective physics program comes with estimated first-year earnings of $48,000 and borrowing around $23,000—figures derived from comparable Oregon physics programs and similar liberal arts colleges. That debt-to-earnings ratio of 0.48 suggests manageable repayment, roughly half a year's salary. However, Oregon's physics landscape shows significant variation: Portland State graduates report median earnings above $62,000, suggesting that program choice and possibly geographic mobility matter considerably in this field.
The challenge here is uncertainty. Reed's rigorous academic environment and 27% admission rate signal strong preparation, but without actual graduate outcomes data, you're investing in reputation rather than documented results. Physics bachelor's degrees nationally cluster around $48,000 in first-year earnings, so the estimates align with broader patterns. Still, some Reed physics graduates may pursue graduate school immediately—common in physics—which would temporarily depress earnings figures while building toward higher long-term potential.
For families comfortable with selective liberal arts education and able to manage $23,000 in debt, Reed's intellectual intensity may justify the investment. But if maximizing immediate earning power is the priority, the gap between these estimated figures and what Portland State physics graduates actually earn—over $14,000 more—deserves serious consideration. The debt is reasonable, but the earnings picture remains genuinely unclear for this specific program.
Where Reed College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Oregon
Physics bachelors's programs at peer institutions in Oregon (11 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $67,020 | $48,169* | — | $23,120* | — | |
| $11,238 | $62,749* | $83,259 | $29,070* | 0.46 | |
| $13,494 | $48,169* | — | $25,410* | 0.53 | |
| $12,594 | $48,169* | — | $25,410* | 0.53 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
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 Reed College, approximately 12% 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 OR. Actual outcomes may vary.