Analysis
Based on similar history programs in Minnesota, graduates typically start around $39,000—a figure that exceeds the national median for history majors by roughly 25%. Minnesota's public universities seem to produce stronger early outcomes in this field than many other states, though you'll notice wide variation even among MN schools, with first-year earnings ranging from about $27,000 to $42,000.
The estimated debt load of $26,743 creates a manageable 0.68 debt-to-earnings ratio, meaning graduates would owe about eight months' worth of their first-year salary. This falls within the range financial aid counselors consider reasonable, particularly for a liberal arts degree where career trajectories often build gradually. History majors rarely command premium starting salaries, but they develop research, writing, and analytical skills that can translate into diverse career paths in education, nonprofits, government, and beyond.
The caveat: these figures come from peer institutions in Minnesota, not Southwest Minnesota State's actual graduates. The school's 11% Pell grant rate suggests it serves a different population than some comparison schools, which could affect outcomes. If your child is passionate about history and comfortable with the humanities career path—where graduate school or patience in climbing career ladders is often necessary—the estimated debt burden appears workable. But recognize you're making this decision with limited visibility into how this specific program's graduates actually fare.
Where Southwest Minnesota State University 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)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,304 | $39,186* | — | $26,743* | — | |
| $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 Southwest Minnesota State University, approximately 11% 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.