Accounting (Associate's Degree) at Schoolcraft Community College District

Est. Earnings (1yr)

$36,181

Est. from MI median (3 programs)

Est. Median Debt

$13,248

Est. from MI median (4 programs)

Analysis

An estimated debt load of $13,248 positions this program below both state and national medians for associate accounting degrees, which matters when first-year earnings hover around $36,000. Based on comparable programs in Michigan, graduates would face a debt-to-earnings ratio of 0.37—manageable by most standards, especially compared to the national median debt of $19,354 for this credential.

The estimated earnings align exactly with Michigan's state median, suggesting this program performs consistently with peer institutions. Oakland Community College graduates reportedly earn about $4,200 more annually, but the difference in debt burden could offset some of that advantage depending on individual financial circumstances. What makes this path appealing is the relatively quick payoff timeline: at roughly four months of gross earnings to cover the debt, students should be able to clear this obligation faster than many bachelor's degree holders.

The caveat parents should understand is that these figures are drawn from similar Michigan programs, not actual Schoolcraft outcomes. Still, the pattern is encouraging—lower debt with typical earnings creates a practical entry point into accounting work. For students certain about the field and looking to minimize financial risk while gaining credentials, this represents a reasonable community college option.

Where Schoolcraft Community College District Stands

Earnings vs. debt across all accounting associates's programs nationally

Compare to Similar Programs in Michigan

Accounting associates's programs at peer institutions in Michigan (35 total in state)

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School	In-State Tuition	Earnings (1yr)*	Earnings (4yr)	Median Debt*	Debt/Earnings
Schoolcraft Community College DistrictLivonia	$4,448	$36,181*	—	$13,248*	—
Oakland Community CollegeAuburn Hills	$3,020	$40,424*	$46,109	$21,496*	0.53
Baker CollegeOwosso	$12,810	$36,181*	$38,187	$26,067*	0.72
Grand Rapids Community CollegeGrand Rapids	$4,059	$35,538*	$42,721	$12,750*	0.36
National Median	—	$37,000*	—	$19,354*	0.52

* Estimated from similar programs

Career Paths

Occupations commonly associated with accounting graduates

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Financial and Investment Analysts

Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

$101,910/yrJobs growth:Bachelor's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Financial Examiners

Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

$90,400/yrJobs growth:Bachelor's degree

Budget Analysts

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

$87,930/yrJobs growth:Bachelor's degree

Business Teachers, Postsecondary

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Accountants and Auditors

Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

$81,680/yrJobs growth:Bachelor's degree

Tax Examiners and Collectors, and Revenue Agents

Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

$59,740/yrJobs growth:Bachelor's degree

Bookkeeping, Accounting, and Auditing Clerks

Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

$49,210/yrJobs growth:Some college, no degree

Payroll and Timekeeping Clerks

Compile and record employee time and payroll data. May compute employees' time worked, production, and commission. May compute and post wages and deductions, or prepare paychecks.

$48,650/yrJobs growth:High school diploma or equivalent

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 Schoolcraft Community College District, approximately 27% 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 MI. Actual outcomes may vary.