Median Earnings (1yr)
$65,552
5th percentile (40th in KY)
Median Debt
$30,750
14% above national median
Debt-to-Earnings
0.47
Manageable
Sample Size
114
Adequate data

Analysis

At $65,552 in first-year earnings, Spalding's nursing program trails most Kentucky nursing schools by a significant margin—falling in the 40th percentile statewide and just the 5th percentile nationally. More troubling, earnings actually decline to $61,559 by year four, suggesting graduates may struggle to advance professionally or maintain full-time positions. When nursing programs in the same Louisville market (like Galen College) produce starting salaries $11,000 higher, this difference compounds significantly over a career.

The $30,750 debt load sits close to state and national medians, which would be manageable if earnings were competitive. But the combination of below-average pay and negative earnings trajectory creates a problematic financial picture. With Kentucky offering 23 nursing programs—many producing substantially stronger outcomes—the question becomes why this program underperforms when the state's nursing job market clearly supports higher wages for new graduates.

For a nursing degree specifically, where employment rates are typically high and career paths well-established, this earnings gap suggests something about either the program's clinical partnerships, the types of facilities where graduates land their first positions, or perhaps the competitiveness of their training. The 99% admission rate may be a factor—when stronger Kentucky nursing programs produce graduates earning $15,000-$20,000 more annually, those acceptance standards likely reflect meaningful differences in preparation and career placement.

Where Spalding University Stands

Earnings vs. debt across all registered nursing, nursing administration, nursing research and clinical nursing bachelors's programs nationally

Spalding UniversityOther registered nursing, nursing administration, nursing research and clinical nursing programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Spalding University graduates compare to all programs nationally

Spalding University graduates earn $66k, placing them in the 5th percentile of all registered nursing, nursing administration, nursing research and clinical nursing bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Kentucky

Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing bachelors's programs at peer institutions in Kentucky (23 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Spalding University$65,552$61,559$30,7500.47
Beckfield College-Florence$83,033—$49,8050.60
University of Pikeville$82,878—$33,6180.41
University of the Cumberlands$81,012—$29,4000.36
Kentucky Christian University$76,970$70,627$27,7500.36
Galen College of Nursing-Louisville$76,234$82,003$45,7750.60
National Median$74,888—$27,0000.36

Other Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing Programs in Kentucky

Compare tuition, earnings, and debt across Kentucky schools

SchoolIn-State TuitionEarnings (1yr)Debt
Beckfield College-Florence
Florence
$13,295$83,033$49,805
University of Pikeville
Pikeville
$24,150$82,878$33,618
University of the Cumberlands
Williamsburg
$9,875$81,012$29,400
Kentucky Christian University
Grayson
$25,000$76,970$27,750
Galen College of Nursing-Louisville
Louisville
—$76,234$45,775

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 Spalding University, approximately 36% 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 114 graduates with reported earnings and 112 graduates with debt data. Small samples may not be representative.