Analysis
A debt-to-earnings ratio of 0.66 falls within manageable territory for a liberal arts degree, though these figures come from comparable programs rather than tracked outcomes for Saint Mary's history graduates specifically. Similar Minnesota history programs suggest first-year earnings around $39,186, which notably exceeds the national median of $31,220 for this major. The estimated $25,946 in debt aligns closely with typical borrowing for history degrees nationwide.
The real question is what your child plans to do with this degree. History majors follow divergent career paths—some enter teaching, nonprofits, or government work where these earnings make sense long-term, while others pursue graduate study in law, public policy, or education where the bachelor's serves as a foundation rather than a terminal credential. The Minnesota labor market appears stronger for history graduates than many states, but first-year earnings in the high $30,000s still mean tight budgets while paying down loans.
Given the estimation uncertainty and Saint Mary's 89% admission rate, I'd want concrete answers about career services, alumni outcomes, and graduate school placement before committing. If your child has a clear professional direction where this degree opens doors—or if they're planning further education—the debt load is reasonable. If they're choosing history hoping the path will reveal itself, that's riskier with $26,000 in loans and estimated outcomes based on peer schools rather than demonstrated results from this campus.
Where Saint Mary's University of Minnesota Stands
Earnings vs. debt across all history bachelors's programs nationally
Compare to Similar Programs in Minnesota
History bachelors's programs at peer institutions in Minnesota (28 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $43,160 | $39,186* | — | $25,946* | — | |
| $14,318 | $42,297* | — | $26,743* | 0.63 | |
| $9,490 | $39,186* | $42,443 | $27,000* | 0.69 | |
| $16,488 | $26,635* | $43,487 | $19,500* | 0.73 | |
| 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 Saint Mary's University of Minnesota, approximately 22% 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 MN. Actual outcomes may vary.