Analysis
South Dakota School of Mines delivers something increasingly rare: a chemical engineering degree with debt loads in the 5th percentile nationally. While the $72,785 starting salary sits right at the national median for the field, graduates leave with $28,000 in debt versus the typical $23,250—but that still translates to a healthy 0.38 debt-to-earnings ratio. You're looking at roughly five months of gross income to cover the entire debt load, which is exceptional by any standard.
The school's 85% admission rate and modest SAT scores might suggest a safety school, but the outcomes tell a different story. Chemical engineering graduates here earn essentially what their peers at more selective programs earn nationally, just without the premium price tag or admissions stress. This is South Dakota's only chemical engineering program, so the state comparison is limited, but that also means local employers know exactly where to recruit.
The practical math works strongly in favor of this program. A graduate earning $72,785 with $28,000 in debt faces roughly $300 monthly payments over ten years—easily manageable on an engineering salary. For families prioritizing financial security over prestige, this combination of median-tier earnings with bottom-tier debt creates a straightforward path to career launch without financial burden.
Where South Dakota School of Mines and Technology Stands
Earnings vs. debt across all chemical engineering bachelors's programs nationally
Earnings Distribution
How South Dakota School of Mines and Technology graduates compare to all programs nationally
Compare to Similar Programs Nationally
Chemical Engineering bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,400 | $72,785 | — | $28,000 | 0.38 | |
| $58,128 | $87,830 | $108,850 | $13,178 | 0.15 | |
| $11,678 | $87,365 | $95,916 | $19,844 | 0.23 | |
| $8,690 | $87,284 | $107,127 | $20,019 | 0.23 | |
| $6,381 | $87,164 | $91,729 | $20,050 | 0.23 | |
| $13,099 | $86,176 | $105,292 | $18,135 | 0.21 | |
| National Median | — | $72,974 | — | $23,250 | 0.32 |
Career Paths
Occupations commonly associated with chemical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Chemical Engineers
Bioengineers and Biomedical Engineers
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
Robotics Engineers
Nanosystems Engineers
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 South Dakota School of Mines and Technology, approximately 16% 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 40 graduates with reported earnings and 43 graduates with debt data. Small samples may not be representative.