Analysis
Rhodes College's History program produces first-year earnings of $29,279 against $23,104 in debt—numbers that look modest nationally but tell a different story within Tennessee. While this places the program in just the 36th percentile nationally, it hits the state median exactly and ranks in the 60th percentile among Tennessee history programs. That's a meaningful distinction, since most Rhodes students will be competing for jobs in the regional market where these earnings are closer to the norm.
The debt-to-earnings ratio of 0.79 is reasonable for a humanities degree, meaning graduates owe less than one year's salary. However, the small sample size here (fewer than 30 graduates) means these numbers could swing significantly with just a few outliers. It's worth noting that Rhodes sits in a competitive Tennessee market where state schools like Middle Tennessee State and Austin Peay produce history graduates earning $34,000-$35,000 annually—about 20% more than Rhodes—often with lower debt loads given public school tuition advantages.
For families paying private school tuition at a selective liberal arts college (50% admission rate, 1385 average SAT), the value calculus depends heavily on financial aid. The low Pell grant percentage (15%) suggests Rhodes primarily serves affluent families who may be less debt-sensitive. If your child is receiving substantial aid that brings total debt near this $23,000 figure, the investment is defensible for the liberal arts experience. At full freight, though, public alternatives offer better financial outcomes.
Where Rhodes College Stands
Earnings vs. debt across all history bachelors's programs nationally
Earnings Distribution
How Rhodes College graduates compare to all programs nationally
Compare to Similar Programs in Tennessee
History bachelors's programs at peer institutions in Tennessee (36 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,892 | $29,279 | — | $23,104 | 0.79 | |
| $63,946 | $46,856 | $60,522 | $15,000 | 0.32 | |
| $9,506 | $35,391 | $36,943 | $18,500 | 0.52 | |
| $8,675 | $34,456 | $39,052 | $19,750 | 0.57 | |
| $10,344 | $30,652 | $40,908 | $25,000 | 0.82 | |
| $13,484 | $28,713 | $41,303 | $19,000 | 0.66 | |
| National Median | — | $31,220 | — | $24,000 | 0.77 |
Career Paths
Occupations commonly associated with history graduates
Natural Sciences Managers
Clinical Research Coordinators
History Teachers, Postsecondary
Historians
Secondary School Teachers, Except Special and Career/Technical Education
Archivists
Curators
Museum Technicians and Conservators
Managers, All Other
Regulatory Affairs Managers
Compliance Managers
Loss Prevention Managers
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 Rhodes College, approximately 15% 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 22 graduates with debt data. Small samples may not be representative.