Median Earnings (1yr)
$65,552
5th percentile
40th percentile in Kentucky
Median Debt
$30,750
14% above national median

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

Earnings Distribution

How Spalding University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Spalding University$65,552$61,559-6%
Galen College of Nursing-Louisville$76,234$82,003+8%
Kentucky Christian University$76,970$70,627-8%
Eastern Kentucky University$68,633$64,922-5%
Campbellsville University$65,518$64,318-2%

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)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Spalding UniversityLouisville$27,850$65,552$61,559$30,7500.47
Beckfield College-FlorenceFlorence$13,295$83,033$49,8050.60
University of PikevillePikeville$24,150$82,878$33,6180.41
University of the CumberlandsWilliamsburg$9,875$81,012$29,4000.36
Kentucky Christian UniversityGrayson$25,000$76,970$70,627$27,7500.36
Galen College of Nursing-LouisvilleLouisville$76,234$82,003$45,7750.60
National Median$74,888$27,0000.36

Career Paths

Occupations commonly associated with registered nursing, nursing administration, nursing research and clinical nursing graduates

Nurse Anesthetists

Administer anesthesia, monitor patient's vital signs, and oversee patient recovery from anesthesia. May assist anesthesiologists, surgeons, other physicians, or dentists. Must be registered nurses who have specialized graduate education.

$132,050/yrJobs growth:Master's degree

Nurse Midwives

Diagnose and coordinate all aspects of the birthing process, either independently or as part of a healthcare team. May provide well-woman gynecological care. Must have specialized, graduate nursing education.

$132,050/yrJobs growth:Master's degree

Nurse Practitioners

Diagnose and treat acute, episodic, or chronic illness, independently or as part of a healthcare team. May focus on health promotion and disease prevention. May order, perform, or interpret diagnostic tests such as lab work and x rays. May prescribe medication. Must be registered nurses who have specialized graduate education.

$132,050/yrJobs growth:Master's degree

Medical and Health Services Managers

Plan, direct, or coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.

$117,960/yrJobs growth:Bachelor's degree

Registered Nurses

Assess patient health problems and needs, develop and implement nursing care plans, and maintain medical records. Administer nursing care to ill, injured, convalescent, or disabled patients. May advise patients on health maintenance and disease prevention or provide case management. Licensing or registration required.

$93,600/yrJobs growth:Bachelor's degree

Acute Care Nurses

Provide advanced nursing care for patients with acute conditions such as heart attacks, respiratory distress syndrome, or shock. May care for pre- and post-operative patients or perform advanced, invasive diagnostic or therapeutic procedures.

$93,600/yrJobs growth:Bachelor's degree

Advanced Practice Psychiatric Nurses

Assess, diagnose, and treat individuals and families with mental health or substance use disorders or the potential for such disorders. Apply therapeutic activities, including the prescription of medication, per state regulations, and the administration of psychotherapy.

$93,600/yrJobs growth:Bachelor's degree

Critical Care Nurses

Provide specialized nursing care for patients in critical or coronary care units.

$93,600/yrJobs growth:Bachelor's degree

Clinical Nurse Specialists

Direct nursing staff in the provision of patient care in a clinical practice setting, such as a hospital, hospice, clinic, or home. Ensure adherence to established clinical policies, protocols, regulations, and standards.

$93,600/yrJobs growth:Bachelor's degree

Nursing Instructors and Teachers, Postsecondary

Demonstrate and teach patient care in classroom and clinical units to nursing students. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:
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.