Analysis
Simpson College's interdisciplinary bachelor's program carries an estimated $25,878 in debt—right at the national median for these programs—but earnings projections based on Iowa's three reportable programs suggest first-year salaries around $37,138. That puts the debt load at 70% of first-year earnings, which is manageable but not particularly strong. For context, graduates typically want this ratio below 100%, and the closer to 50% the better. With estimated monthly loan payments around $290, you're looking at a significant but not crushing financial obligation.
The challenge with interdisciplinary studies is that outcomes depend heavily on what students actually do with the degree—whether they pursue graduate school, leverage it for specific career paths, or use it as a general liberal arts credential. The Iowa benchmark earnings trail the national median by about $1,500, and Simpson's highly accessible admissions (89% acceptance rate) paired with a surprisingly strong student body (1410 average SAT) creates an unusual profile where academic preparation may exceed typical career outcomes for this major.
The bottom line: this looks like a serviceable but not standout investment if your child has clear post-graduation plans that leverage the degree's flexibility. The debt burden won't derail their finances, but the estimated earnings suggest they won't have much cushion either. If they're considering this program because they're uncertain about direction, the same tuition dollars might produce better returns in a more defined major.
Where Simpson College Stands
Earnings vs. debt across all multi/interdisciplinary studies bachelors's programs nationally
Compare to Similar Programs in Iowa
Multi/Interdisciplinary Studies bachelors's programs at peer institutions in Iowa (17 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $46,212 | $37,138* | — | $25,878* | — | |
| $10,964 | $38,584* | $55,833 | $24,929* | 0.65 | |
| $40,190 | $37,138* | $37,512 | $34,965* | 0.94 | |
| $10,497 | $36,006* | $52,013 | $25,687* | 0.71 | |
| National Median | — | $38,704* | — | $25,495* | 0.66 |
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 Simpson College, approximately 33% 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 IA. Actual outcomes may vary.