Analysis
A debt load of $27,000 for a bachelor's degree in history is manageable if you're realistic about the financial trajectory. Based on similar programs at Indiana liberal arts colleges, first-year earnings around $35,500 suggest graduates are finding workβthough often in fields like education, nonprofits, or administration rather than traditional history careers. The debt-to-earnings ratio of 0.76 means your child would owe roughly three-quarters of their first year's salary, which is reasonable compared to many humanities degrees, but it requires careful budgeting in those early years.
What matters more than these peer-program estimates is where your child plans to take this degree. History majors who pursue teaching certification, law school, or graduate programs in public history or archival work often see stronger earnings growth over time. Those who graduate without a clear next step may struggle more, particularly given that $27,000 in debt will require monthly payments around $300 for ten years. Saint Mary's 81% admission rate and relatively accessible price point make it a solid option for students who genuinely love history and have thought through their post-graduation plans, but this isn't a degree that typically unlocks high early earnings on its own merit.
Where Saint Mary's College Stands
Earnings vs. debt across all history bachelors's programs nationally
Compare to Similar Programs in Indiana
History bachelors's programs at peer institutions in Indiana (36 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $51,430 | $35,509* | β | $27,000* | β | |
| $10,136 | $40,692* | $37,359 | $21,629* | 0.53 | |
| $62,693 | $39,522* | $63,592 | $19,000* | 0.48 | |
| $49,125 | $39,138* | $51,232 | $27,000* | 0.69 | |
| $11,790 | $31,880* | $50,828 | $23,754* | 0.75 | |
| $10,449 | $31,526* | $39,661 | $27,000* | 0.86 | |
| National Median | β | $31,220* | β | $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 Saint Mary's College, approximately 24% 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 6 similar programs in IN. Actual outcomes may vary.